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WQ.161/2024
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES
BY DEPUTY M.B. ANDREWS OF ST HELIER NORTH
QUESTION SUBMITTED ON MONDAY 29TH APRIL 2024
ANSWER TO BE TABLED ON TUESDAY 7TH MAY 2024
Question
“Will the Minister advise what consideration, if any, has been given to increasing the Jersey corporate tax rate of 10% for those financial services companies to which the rate applies?”
Answer
I have previously stated, most recently in October in response to Deputy Tadier ’s question as rapporteur for Deputy Gorst , that I have no plans to review the 0% and 10% rates of corporate income tax generally. Ministers continue to develop our proposals for Jersey’s response to the OECD Pillar 2 project on the worldwide taxation of the profits of the largest multi-national enterprises. This would only affect a relatively small number of those large multi-national enterprises operating in Jersey.