Saints Bay My opinion is that it would be essential to introduce GST if there is no change to the existing scheme. Until we see the projected annual funding costs for the CARE scheme, its not possible to evaluate what effect it will have on the annual States budget. Generally, if the various States departments continue to make cuts and take that obligation seriously, then we MIGHT get away without introducing GST to balance the books. However, I suspect that apart from cutting the numbers employed by the various departments, there may not be enough other ways left to reduce the departmental costs. I'd rather see the abolition of the family allowance, a 25% top income tax rate and possibly a 10% "inheritance tax" on inheritances or gifts of Guernsey real estate before GST was to come in. I was previously far more in favour of a GST but I realise that there are better prior options available. Above all, I'd like to see a territorial system come in for corporates to replace zero-10, so that all companies TRADING on the island would pay a proper rate of tax, whether that's 10%, 15% or even 20%, in a way which would not adversely affect the finance sector's global competitiveness.
Voice For Victims
Voice for Victims is a campaign aimed at promoting the rights of those affected by child sexual abuse.
