| Committee/Panel: Corporate Services Panel | |
| Launch Date: 16 May 2006 | Close Date: To be advised |
| Submissions Deadline: To be advised | Ministerial Response Date: To be advised |
| Review Status: Report published | |
About
Examination of proposed zero/ten legislation
Terms of reference
To review the draft Zero/ten Design Proposal and subsequent draft legislation, and to assess its suitability as a replacement for Jersey’s current tax system, with a particular focus on the following issues –
1. Compliance with the EU Code of Conduct on business taxation; OECD’s Harmful Tax Competition initiative; and the European Convention on Human Rights.
2. The effect on Jersey’s tax revenues and the resource implications of the legislation.
3. The effect on the Financial Services Industry and the wider effect on Jersey’s economy.
4. The distributional effects and the equity of the proposed Zero/Ten Design Proposal and the potential for avoidance.
This will include a review of –
• Look through arrangements
• Regulation of Undertakings and Development (‘RUDL’) charge
• Other measures for maintaining the tax base
• Effectiveness; fairness and efficiency of anti-avoidance measures
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BDO Advice - Deemed Rent Proposal - 25 Jan 2007 The Economic Impact of Guernsey's Tax Strategy (paper 2) - 1 Apr 2006 Oxera Report - What are the fiscal options for Guernsey after introducing the 0%/10% corporate tax r - 1 Apr 2006 The Economic Case for a 0%/10% Corporate Tax Rate Structure in Guernsey (paper 1) - 1 Mar 2006 States of Guernsey - Future Taxation Strategy - Second Consultation Document - 1 Sep 2005
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