Islanders given chance to have a say on tax
Thursday 1st July 2010, 2:56PM BST.
Treasury Minister Philip Ozouf
ISLANDERS get their chance to grill the Treasury Minister tonight over his suggestions to raise more income through tax increases.
Options on the table include putting GST up to five per cent, raising social security contributions and charging the highest earners more tax.
In the first of three public meetings over the next two weeks, Senator Philip Ozouf will face questions at St Paul’s Centre this evening. The meeting starts at 7 pm.
The Treasury wants to know what people think about increases to their taxes and cuts to services as Jersey aims to balance its books and plug an estimated £50 million deficit.
The next two public meetings on personal taxation are on Wednesday 7 July at the Royal Jersey Showground in Trinity and on Monday 12 July at Les Quennevais School. Both meetings start at 7 pm.
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My suggestions
1. Spend less
2. Save more
3. 20% means 20% for all, including CGT (Capital Gains Tax).
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The answer is simple, raise GST and then it is fairly spread across every income.
All this meeting will raise is moans and groans about the COM from the usual serial moaners everybody is used to now as they always appear on the Phone-in.
Jersey still has it good and if you are struggling now then maybe its your fault from not saving in the past.
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These meetings are a waste of time and as if they will change anything. We all know that taxes are going up and no matter how they dress it up the lower and middle earners will suffer as they always do.
If they actually cared they would not even propose a GST rise in the first place. I bet they will end up implementing all the suggestions though.
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whatever you say ozouf won’t listen they will just carry on wasting millons of pounda good example victoria ave
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As other’s have said the opportunity to make more savings are rife. Barely a day goes by without one story or our on how either daft decisions of the past have lost money or daft decisions in the present are currently or likely to lose/waste money.
Not to mention the number of times we hear an official speak the immortal words – ‘Consultants are being brought in to advise us’.
I am (as are so many of my colleagues)the consultant for my company. We don’t bring anyone else in to do the work.
A friend has recently joined a department of the States on a £70K plus salary. He was employed to do a specific role, which is well within his capability. Guess what he was told to do, pay a consultant to advise him.
Utter madness.
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From what i understand, Guernsey has just given into EU demands and agreed a new 10% corporate tax. Jersey on the otherhand has refused and are due to be ‘investigated’ by the EU (no doubt, somehow, at the Jersey tax payers expense!)
If Jersey was simply to agree to 10% Corporate tax, this would help fill the budget deficit.
The impact of 10% Corporate tax would not result in companies moving as the cost differential is not worth relocating.
Also, did anyone see the Alderney e-gaming headline, £50 million income from e-gaming…Jersey politicians, you clearly had/have no idea what’s been going on in the real world, you missed the boat by 10 years on this one…
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How will they listen with their heads in the sand!
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Capital gains tax is now 28% in the U.K. …Loads of room for manoeuvre there….at 5% they would still be quids in.Then look at the revenue..
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Kevin Le Jehen
“The answer is simple, raise GST and then it is fairly spread across every income.”
No, not really, then people on lower incomes will be paying a much higher percentage of their income. You raise income tax, and make taxation progressive.
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We will have months or even years of States members acting like rabbits caught in the car headlights, then they will do the first thing they thought of, put up GST!
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Before GST was introduced, all of us oppsed to it warned that it would be th efirst thing to be raised when they wanted more money.
Jersey has got itsself into a hole now. Perhaps 25 years ago we should have been more welcoming to the “bucket and spade brigade”.
Now we have no tourism infrastructure left, and finance is leaving town, first stop Mauritius.
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