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Last Updated: Tuesday, 11 May, 2004, 07:57 GMT 08:57 UK
Accountants back sales tax plan
Jersey currency
States members will receive a copy of the report
Plans to levy a 5% tax on most goods and services in Jersey have been supported by a specialist from the UK.

John Whiting, an economist from accountants Price Waterhouse Coopers, says Jersey is right to move to a zero rate of company tax.

And he says a sales tax is one of only two options which would raise enough money to plug a �100m tax gap when corporate tax is scrapped in 2009.

The other, raising income tax, would make the island less attractive.

Critics of the proposed sales tax say it will be expensive to collect and raise prices.

A meeting is to be held at St Helier Town Hall on Thursday between Senators Stuart Syvret and Dick Shenton and Finance and Economics president Senator Terry Le Sueur and Policy and Resources president Senator Frank Walker to debate the proposed tax reforms.




SEE ALSO:
Reform for Jersey's tax system
04 May 04  |  Jersey
Tax hike to keep finance firms
16 Feb 04  |  Jersey


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