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

Tax Policy Unit Report in Response to the amendment to the 2011 Budget regarding Non-Jersey Owned Companies

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.

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  • 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

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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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 on 24 October 2012:

Decision Reference:  MD-TR-2012-0093

Decision Summary Title:

Report from the Minister for Treasury and Resources: Response to P157/2010, seventh amendment, relating to non-locally owned companies

Date of Decision Summary:

24 October 2012

Decision Summary Author:

Director – Tax Policy

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Report from the Minister for Treasury and Resources: Response to P157/2010, seventh amendment, relating to non-locally owned companies

Date of Written Report:

24 October 2012

Written Report Author:

Director – Tax Policy

Written Report :

Public or Exempt?

Public

Subject:  Report from the Minister for Treasury and Resources: Response to P157/2010, seventh amendment, relating to non-locally owned companies and supporting report from the Tax Policy Unit

Decision(s): The Minister approved the report setting out his response to P157/2010 as amended and its supporting report and requested that they be presented to the States.

Reason(s) for Decision:  The Minister for Treasury and Resources was requested by the States in an amendment to the 2011 Budget to examine ways to raise additional revenues from non-Jersey owned companies paying tax at 0%.  This report and its supporting documentation sets out the work done, the options examined and the conclusions of the review.

Resource Implications: There are no financial or manpower implications as a direct result of this decision.

Action required:  Director of Tax Policy to request the Greffier of the States to arrange for the attached Report setting out the response of the Minister for Treasury and Resources to P157/2010 as amended and its supporting documentation to be presented to the States at the earliest opportunity.

Signature:

 

 

 

 

Position: Senator P F C Ozouf, Minister for Treasury and Resources

 

 

Date Signed:

Date of Decision:

 

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