According to a report from the Jersey Insight news service on Tuesday, 'sin taxes' are to increase in Jersey's 2003 budget.
In addition to proposals to introduce taxes on benefits in kind and vehicle registration, to impose stamp duty on the purchase of new homes worth more than £250,000, and to freeze certain personal allowances and exemptions, all of which have already been announced to cries of outrage from various sectors, Finance & Economics has added increases in cigarette and alcohol taxes and separate tax assessments for husbands and wives, according to the local news provider.
Speaking earlier this week, F&E President, Senator Frank Walker reportedly expressed a great sense of achievement in the fact that, through reductions in committtee budgets and cuts in capital programmes, expenditure has been kept more or less under control, in the short term at least.
According to Jersey Insight, the introduction of a PAYE system, and the abolition of interest tax relief in the medium-term are still under investigation.
.
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