 Jersey and the Isle of man are set to adopt a 'zero-ten' system |
Most Guernsey people would prefer a sales tax to increased social security contributions, according to the States. The measures are being considered to fill a �48m shortfall created by the abolition of corporation tax in 2008.
Only 33% of those who answered a States survey supported increases to social security, while 66% backed more information about creating a sales tax.
A new Isle of Man tax system where some firms pay 0% and some are taxed at 10% could help fill the shortfall.
The Isle of Man, which is one of Guernsey's rivals in the finance industry, made the 'zero-ten' tax move in its budget this week. Jersey has also decided to adopt a similar arrangement.
Alan Bell, the Man treasury minister, said the island was not looking at the introduction in a competitive way.
He told BBC News: "The Isle of Man is very keen to play its part in the international community and has committed to a greater openness, transparency and co-operation."
Mr Bell said the Isle of Man was not trying to "steal a march" over anyone else.
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