IoD chairman warns of higher taxes impact

HIGHER taxes could ‘trigger a dangerous tipping point’ in the island’s economy, the chairwoman of the local branch of the Institute of Directors has warned.

Anne Ewing

HIGHER taxes could ‘trigger a dangerous tipping point’ in the island’s economy, the chairwoman of the local branch of the Institute of Directors has warned.

Writing in the local IoD magazine, Anne Ewing, pictured, said her committee remained supportive of the States’ Financial Transformation Programme.

‘An FTP is a “big ask” to make of any organisation, and particularly in government, as it involves new thinking and a transition into a new architecture of working,’ she said. ‘But it has to happen if we are to avoid higher taxation, which could trigger a dangerous tipping point in our economy.’

For the IoD and the wider business community to stay in support of the process would require ‘better and more frequent communication’ on progress, she added.

‘We need a demonstrable willingness by a government that was elected on a “ticket of change” to tackle the difficult decisions that now must be made.’

Comments for: "IoD chairman warns of higher taxes impact"

islander

To avoid higher taxation is better internal housekeeping from FTP.

Lagans £2.6 million

Fisherman £3.9 million

AFR awaiting bank statement details

Islander2

With your list you could include...

1 - armoured police vehicles ( £750,000?)

2 - the military looking jeep (150,000)

3 - Aurigny (millions)

4 - HSSD overspend?

Johno

Now we can add £3 million for HSSD "training" !

Island Wide Voting

Don't forget the new Director of Harbours and his entourage of assistants in a suite of offices to replace the retiring Harbour Master and his deputy