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Working Group Discusses Jersey's Tax Options

by Robert Lee, Tax-News.com, London

30 June 2003

Senior officials from the Policy and Resources department including president Frank Walker (pictured) and the Employment and Social Security committee participated in lengthy discussions last week on the options available for Jersey's new tax package.

With the government facing a budget deficit this year, several measures have been proposed to increase its income stream including a sales tax and property tax as well as changes in income tax rates and allowances.

One measure that has been announced already by Finance president Senator Terry le Sueur is the scrapping of mortgage interest tax relief on properties above a certain value.

The working group on taxation is expected to present its proposals by the autumn of this year and will involve members of the Finance and Economics Committee in addition to Policy and Resources officials.

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