What progress has been made on the scope for increasing the tax yield from 1(1)k residents already living in Jersey and those who may arrive in the near future

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WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY G.P. SOUTHERN OF ST. HELIER

ANSWER TO BE TABLED ON TUESDAY 8th DECEMBER 2009

Question

"Will the Minister inform members what progress, if any, he has made on the scope for increasing the tax yield from 1(1)k residents already living in Jersey and those who may arrive in the near future?"

Answer

I am considering, in partnership with the Ministers for Economic Development and Housing, a review of all aspects of the 1(1) k regime by an individual with international expertise in wealth management.

The budget speech will expand on this later today.