Jersey’s Zero 10 tax sysytem has been deemed non-harmful by a group of European officials.  This eases fears that Jersey may have to scrap the system and look for something to replace it.  The EU had previously suggested the system was unfair because businesses in the finance sector would be charged 10% tax while non finance sector businesses would pay a zero%  rate.  However, the system was considered harmful by the EU because of the Deemed Distribution clause which required Jersey based shareholders to pay tax whilst non Jersey resident shareholders paid nothing.  Whilst I accept that this is good news and provides additional confidence and stability within our main industry I can’t help but feel there has to be a fairer way …

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3 Responses to Zero 10 gets EU approval – Good news for Jersey but should we look for another way?

  1. Lyndon-Farnham says:

    Hi, thanks for the post – I will log in to Planet Jersey and respond as soon as I can.

    • Lyndon-Farnham says:

      Thank you for your post earlier today. I have taken a look at the Planet Jersey site and, due to the high level of generally unpleasant comments, have decided not to participate in that particular forum. I will of course be pleased to answer questions via my own website or by direct email.

  2. Lilly says:

    Dear Mr. Farnham,

    The following comment was left on the political disscussion forum Planet Jersey.

    Good Morning Mr Farnham,

    As I was out and about yesterday and noticed you and a companion putting up placards advertising yourself as a candidate for the seat of Senator.

    Four other candidates for the position of Senator have openly written on here, so may I also ask you the following questions.

    What are your views on Immigration, Jersey’s tax structure, the finance industry, are you happy with the public sector ie the administration and services supplied to the islanders, and sorry to be a pain but why should we vote for you compared to the other new candidates ?



    Please would you be kind enough to respond by signing up as a member of the forum.

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