States await EU decision on zero-ten
Friday 18th February 2011, 2:56PM GMT.
Chief Minister Terry Le Sueur announced earlier this week that zero-ten was to stay
JERSEY is still waiting for a response from the EU over the Council of Ministers’ decision to keep the ‘zero-ten’ system of corporate tax.
The Code of Conduct Group of tax officials from member states was due to meet yesterday for a regular meeting, and it was hoped that it would give a view on Jersey’s proposal to remove the deemed distribution system that charges local shareholders on company profits whether or not they receive a dividend.
It often takes the group several days to make a public announcement after a meeting, and States Members and officials are still awaiting news from Brussels on what will happen next.
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So yet again our leading states members are jumping the gun! again! How can they say zero ten is here to stay when it still hasn’t been cleared up, wait till the facts are fully known and then tell the public what the situation is. What a silly way to run an economy, it only fuels speculation and creates doubt.
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Why is our Chief Minister awaiting an EU decision, he has already told us that 0/10 is here to stay and the finance industry will be down the pub celebrating.
http://www.thisisjersey.com/2011/02/15/zero-ten-is-here-to-stay/
These as just the mixed messages that a stable business environment does not need.
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So what is it -
‘here to stay’, or, ‘here today, gone tomorrow’ …
‘plucky negotiators’ or ‘headless chickens’
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