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Guernsey Considers Industry Levy To Finance Promotional Agency,
by Jason Gorringe, Tax-News.com, London
Wednesday, May 13, 2009
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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