Jobs will be lost and prices will go up because of new tax proposals in Jersey, a report to the States has said. From 2009 businesses in Jersey which are not owned in the island will have to pay a new tax of an average of �500 per worker each year.
It is part of moves to fill a predicted �100m black hole as a result of scrapping corporation tax.
But the Corporate Services Scrutiny Committee said it would have a large number of negative effects.
The abolition of corporation tax will see tax on corporate profits cut to zero for some firms and 10% for others as part of a States strategy to keep Jersey financially competitive.
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