Skip to main contentAccess keys help

BBC News
watch One-Minute World News
Languages
Last Updated: Monday, 5 November 2007, 11:14 GMT
New tax plan to control inflation
Treasury officials in Jersey are being asked to consider whether the island's new goods and services tax (GST) should be used to help control inflation.

A scrutiny panel is examining whether the 3% tax is right for the island.

It will be used as part of a number of measures to make up for revenue lost to the government when a new low tax system for businesses is introduced.

Panel chairman Deputy Patrick Ryan said GST could help inflation by limiting how much money is in the economy.

"If it's a possibility, we need to investigate it very, very carefully," he told BBC News.

From 1 May 2008 the 3% tax will be added to most goods and services, including clothing and food.



SEE ALSO
GST progress as rules approved
23 Oct 07 |  Jersey
Implementation of GST uncertain
03 Jul 07 |  Jersey
GST to go-ahead despite surplus
29 Jun 07 |  Jersey

RELATED BBC LINKS

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

AmericasAfricaEuropeMiddle EastSouth AsiaAsia Pacific