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Corporate Services Scrutiny Panel
PUBLIC MEETING Record of Meeting
Date: 24th October 2007 Meeting Number: 49
Present Deputy P J D Ryan, Chairman
Connétable J L S Gallichan Deputy C Egré
Apologies Connétable D Murphy
In attendance Mr R Teather
Miss S Power, Scrutiny Officer
Ref Back Agenda matter Action
1. Draft Income Tax (Amendment No.29) (Jersey) Law 200-
The Panel considered its draft report on the Zero/Ten Shareholder
Legislation provisions, scheduled for debate on the 20th November 2007. It was noted by the Panel that if they wished to make any
amendments to the draft legislation, they would need to be lodged by the 6th November.
The Panel considered the draft legislation, and requested for its adviser to prepare law drafting instructions for the following RT
amendments:
- To remove the exemption from deemed distribution for quoted companies
- To lower the de minimis limit from 5% to 2%
The Panel delegated responsibility to the Chairman to work with the
Adviser and Scrutiny Officer to finalise the amendments and to PR RT lodge them accordingly. SP
Signed: Date: ..
Chairman
Deputy P J D Ryan