In October 2006, the Treasury & Resources Minister announced several changes to the design of the new corporate income tax regime, which is intended to be introduced with effect from the financial year 2009, following responses to the May 2006 consultation The latest proposals include: -   dropping the annual charge on all businesses licensed under the Regulation of Undertakings and Development Law (RUDL) based on their licensed headcount at the start of the year; -   shelving the introduction of a new tax transparent limited liability vehicle, the limited trading partnership (LTP); -   taxing company shareholders in non-finance...