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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Taxation (Common Reporting Standard and United States of America) (Jersey) Amendment Regulations 202-

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 4 June 2024:

Decision Reference:  MD-ER-2024-447

Public

Subject: Draft Taxation (Common Reporting Standard and United States of America) (Jersey) Amendment Regulations 202- Decision to lodge "au Greffe"

 

Report Title: Draft Taxation (Common Reporting Standard and United States of America) (Jersey) Amendment Regulations 202-

Public

Decision(s):

The Assistant Minister for External Relations requested the Greffier of the States to lodge 'au Greffe' the Draft Taxation (Common Reporting Standard and United States of America) (Jersey) Amendment Regulations 202-.

Reason for Decision(s):

The Draft Taxation (Common Reporting Standard and United States of America) (Jersey) Amendment Regulations 202- (the amending Regulations) will, if approved, ensure that Jersey’s legislation implementing the Common Reporting Standard on automatic exchange of tax information on financial accounts is fully in line with international standards.  Where appropriate, the amending Regulations will also make similar changes to the legislation implementing the Foreign Account Tax Compliance Act (FATCA) rules.

Resource Implications: The amending Regulations have no resource implications.

 

Action Required: The Greffier of the States is requested to lodge “au Greffe” the Draft Taxation (Common Reporting Standard and United States of America) (Jersey) Amendment Regulations 202- with a request for debate at the States sitting which is scheduled to commence on 16th July 2024.

Signature:

 

 

Signed By: Deputy E. Millar of St. John, St. Lawrence and Trinity

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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