IT could cost £9 million a year to protect the poor from the impact of the goods and services tax.
The claim was made in the States and was not denied by the Finance president, who said that the full details of the tax and its implications were still being worked out.Senator Terry Le Sueur also admitted that his committee did not know at what salary level income tax allowances for single people would be phased out as part of the ‘20% means 20%’ policy for higher earners.
Joint incomes will be affected from £80,000.His responses have led to renewed claims that his committee are rushing through a strategy without giving the public the full picture.
Article posted on 3rd March, 2004 - 12.00am
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