Royal Assent for zero-10

Tuesday 22nd March 2011, 2:29PM GMT.

Charles Parkinson GUERNSEY’S zero-10 legislation – passed in 2007 – has finally received Royal Assent.

The three items of legislation were approved by the Privy Council at its meeting last Wednesday.

‘While work continues on the development of a revised system of corporate tax to replace the zero-10 regime, receiving Royal Assent removes any uncertainty about the island’s current system of corporate tax and ensures that there will be no unintended consequences when that system is eventually replaced,’ said Treasury minister Charles Parkinson (pictured).