CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Jersey Chamber Reconsidering Sales Tax Support

Jersey Chamber Reconsidering Sales Tax Support

by Jason Gorringe, for LawAndTax-News.com, London

14 December 2004


According to a BBC Jersey report, the Island's Chamber of Commerce is said to be reconsidering its support for the goods and services tax proposed by the States authorities to compensate for the planned introduction of a zero rate of corporation tax.

The trade organisation had accepted the need for a GST, albeit with reservations, as no suitable alternatives had been put forward.

However, following the recent publication of a consultation paper on tax reform in the jurisdiction, the Chamber is understood to have re-examined its position.

The paper, entitled ‘Jersey’s Taxation Structure – A Goods and Service Tax – The right way for Jersey?’ outlined the reasons for considering a goods and services tax (GST) and the various alternatives that are available, and was produced by Crown Agents, a UK Consultant, on behalf of the Finance and Economics Committee.

The deadline for comment was December 3, and the responses are now being examined.

A comprehensive report in our Intelligence Report series giving background tax and residence information on many of the key offshore jurisdictions is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report4.asp

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »