Review of the legislative programme to support Zero-Ten
This Review amounts to the second stage of a process that begun with the review of the Zero/Ten Design Proposals. It is suggested that reading the resultant Scrutiny Report from that Review (S.R.4/2006) would provide a good background to this current Review.
TERMS OF REFERENCE:
To review the second part of the Zero/Ten Draft Legislation, and any areas of concern raised by the Zero/Ten system as modified by that draft law, with a particular focus on the following areas –
1. The provisions for taxing Jersey-resident shareholders;
2. The provisions (or lack thereof) for obtaining revenues from non-Jersey owned companies;
3. The distributional effects and equity of the proposed Zero/Ten system;
4. The effectiveness and fairness of any anti-avoidance measures and disclosure obligations;
5. The extent to which the proposed legislation meets the concerns raised in the Panel’s first two reports on Zero/Ten; and
6. The extent to which the obligations under Jersey’s agreement with the EU have been satisfied.
Panel Membership:
Deputy Patrick Ryan, Chairman
Connétable John Gallichan
Connétable Daniel Murphy
Deputy Collin Egré
Lead officer(s)
Samantha Power