SENATOR Stuart Syvret told the States today that they were debating the most important issue of our time.
He was seeking to persuade them to set up a ‘transparent inquiry’ into taxation policy.
If he is successful, Finance and Economics will have to withdraw their fiscal strategy while the inquiry is conducted.
The taxation debate - interrupted by a fire alarm at noon - was expected to continue for the rest of today and possibly tomorrow.
Finance are proposing a move to a corporate tax structure in which businesses pay no tax except for finance-related firms, who will pay 10%.
The result, if approved, would mean new taxes hitting every Islander.
Article posted on 6th July, 2004 - 12.00am
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