People in Jersey are being reassured steps are being taken to make sure a new 3% goods and services tax is brought in as gently as possible. The new strategy means islanders will now pay tax on everything they buy, and middle and higher income earners will also have increased tax bills.
The move will raise about �50m and will be phased in over the next few years.
Finance Committee President Senator Terry Le Sueur described the changes as a "huge milestone".
The senator said jobs will be secure and everyone will benefit from the changes.
He also said he will stand for the States again so it is up to islanders to decide if they want to vote for him.
The new taxes are part of plans to recover up to �100m a year which will be lost once tax on company profits is reduced.