Consultation on implementing a deemed rental charge on non-finance non-Jersey owned companies. (MD-TR-2008-0081)

Introduction A decision made (11/07/2008) regarding: Consultation on implementing a deemed rental charge on non-finance non-Jersey owned companies.


Decision

Decision Reference:  MD-TR-2008-0081
Decision Summary Title:	Consultation on implementing a deemed rental charge on non finance non Jersey owned companies		Date of Decision Summary:	7th June, 2008
Decision Summary Author:	Malcolm Campbell Comptroller of Income Tax		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	Malcolm Campbell
Written Report Title:	Consultation on implementing a deemed rental charge on non finance non Jersey owned companies		Date of Written Report:	7th June, 2008
Written Report Author:	Malcolm Campbell Comptroller of Income Tax		Written Report : Public or Exempt?	Public
Subject: Consultation on implementing a deemed rental charge on non finance non Jersey owned companies
Decision(s): The Minister approved the consultation process.
Reason(s) for Decision:  To ensure, for reasons of equity, that 0% corporate non finance non Jersey owned companies make a contribution to tax revenues on the introduction of the new 0/10 corporate tax structure
Resource Implications: There are no manpower or resource implications. The potential effect on the tax base is outlined in the accompanying consultation paper
Action required: Consultation by the Comptroller of Income Tax.
Signature:		Position: Senator T A Le Sueur, Minister for Treasury and Resources
Date Signed: 11th July 2008		Date of Decision: 11th July 2008

A full report is available for MD-TR-2008-0081.