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Taxation (Companies - Economic Substance) Amendment (Jersey) Law 201-

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 on 9 April 2019

MINISTERIAL DECISION REFERENCE:    MD-ER-2019-00xx

DECISION SUMMARY TITLE: 

Request to authorise lodging of draft amending Law, to the economic substance legislation in order to meet the commitments of the Government of Jersey, and the new Global Standards agreed by the OECD’s Forum on Harmful Tax Practices (FHTP)

DECISION SUMMARY AUTHOR:

Deputy Director Tax Policy

IS THE DECISION SUMMARY PUBLIC OR EXEMPT?  

Public

 

REPORT TITLE: 

Request to authorise lodging of draft amending Law, to the economic substance legislation in order to meet the commitments of the Government of Jersey, and the new Global Standards agreed by the OECD’s Forum on Harmful Tax Practices (FHTP)

REPORT AUTHOR OR NAME OF PERSON GIVING REPORT:  (if different from Decision  Summary Author)

 

IS THE REPORT PUBLIC OR EXEMPT 

Public

DECISION AND REASON FOR THE DECISION:

The Minister for External Relations:

 

  • approved the draft Taxation (Companies- Economic Substance) Amendment (Jersey) Law 201-, (the draft Law) and the attached report; and
  • directed that the documents be lodged au Greffe for debate by the States at the earliest opportunity.

The draft Law, makes amendments to the Taxation (Companies- Economic substance) (Jersey) Law 201- to ensure it will meet the commitments given by the Minister to the Council of Europe’s Code of Conduct Group ( Business Taxation) and the requirements of the OECD’s Forum of Harmful Tax Practices in relation to the resumption of the application of substantial activities factors to no or only nominal tax jurisdictions.

 

RESOURCE IMPLICATIONS:

There are no resource implications for the States of Jersey as a result of this decision.

ACTION REQUIRED:

The Greffier of the States is to be requested to arrange for the lodging au Greffe of the draft Law and report for debate by the States as soon as possible.

SIGNATURE:

 

SENATOR IAN GORST

POSITION:

 

 

MINISTER FOR EXTERNAL RELATIONS

 

 

DATE SIGNED

EFFECTIVE DATE OF THE DECISION

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