Representatives from the Jersey Motor Trades Federation (JMTF) have met with the Finance and Economics Committee to argue against the planned introduction of a vehicle registration tax, according to reports this week.
The Jersey Insight news service revealed on Wednesday that the industry body has suggested that the new duty will likely not raise as much as Finance and Economics are expecting, and will almost certainly damage the Island's tourism and shipping industries in the process.
The local news service quoted JMTF spokesman, Peter Tabb as revealing that the federation has suggested several alternative ways in which to plug the predicted revenue gap, and expressing the hope that another meeting can be set up in the near future.
The motor industry is not the only sector which has been upset by the tax proposals currently being studied by the Finance and Economics Committee, however. When the plans were first released last month, both the tourism and agriculture industries were up in arms over a new tax on benefits in kind, which they argue will adversely affect their ability to attract workers.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment