Guernsey’s Commerce and Employment Department has published a consultation paper on the proposed industry levy, which will fund GuernseyFinance, the promotional agency for Guernsey’s International Finance Centre.
The publication of the consultation paper follows the Department's commitment at the March States Debate to consult with all interested parties. The Department is proposing a flat charge of GBP75 per full-time equivalent staff member on those businesses regulated and licensed by the Guernsey Financial Services Commission with a maximum charge per company of GBP7,500 in the first year. This is estimated to generate GBP380,000 towards GuernseyFinance's costs in 2009.
Guernsey's Minster of Commerce and Employment, Carla McNulty Bauer, said:
“Today we issue consultation on this future proposal for business funding to support the promotion of GuernseyFinance. As part of the process we welcome feedback from all members of the community as the achievements of GuernseyFinance affect us all. As part of the consultation we are asking for responses on several key questions which will help to frame the future funding methodology for the organisation.”
Responses to the consultation paper, which is available on the States of Guernsey’s website, should be submitted by June 12.
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