COMING up with a new corporate tax strategy to replace zero-10 is possibly the biggest decision facing Guernsey at the moment.

Get it wrong, and the island’s future as a successful finance centre could be under threat.

Tomorrow represents the deadline for responses to the States’ corporate tax review public consultation document, which sets out alternatives to Guernsey’s current arrangements for taxing companies.

It is a technical subject, but one that is of great significance for the island.

With the help of Ernst & Young tax partner Graham Parrott (pictured), who also sits on the Tax Professionals Panel which the States consults on tax matters,  the Guernsey Press takes a final look at the various options on the table for the island and how Guernsey found itself in this position to start with.

• Read Mr Parrott’s report in the Press.