Jersey Council of Ministers announces retention of Zero-ten
corporate tax regime.
The Council of Ministers has announced that Jersey is to maintain
its zero-ten tax regime, following a recent review by the EU Code
of Conduct Group and High Level Working Party.
The EU raised concerns over deemed distribution and attribution
rules and the decision has been taken to remove these provisions
with effect from January 2012.
In a statement made to the States Assembly, the Chief Minister,
Senator Terry Le Sueur, said "This action allows us to retain our
corporate tax regime while meeting the concerns of the EU."
Please click
here to read the full statement made by the chief minister
today.
Please click
here to read a full briefing note from Jersey Finance.
