 The island strategy will come before the States at the end of June |
States members are meeting Wednesday to make a final decision on the future of Guernsey's corporate tax structure. Guernsey States is planning to abolish corporation tax in 2008 to keep the island competitive as an off-shore banking centre.
A strategy from the Policy Council is up against a proposal by Deputy Treasury Minister Charles Parkinson.
Both suggest ways to fill projected budget deficits of up to �50m caused by scrapping the tax.
The Policy Council is predicting that future growth will fill the tax deficit.
Mr Parkinson wants businesses who will benefit from removing corporation tax to shoulder more of the burden.
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