Two days after publication of the radical 41-point plan to overhaul the tax system in an effort to try and to ensure the island has enough money to pay for its ageing population, business groups have sided with the States over the need to formulate the plan about what to do.
Fine-tuning was still needed they said, but while postponing action kicking the can down the road might have been easier, it they said, but would not have been the right thing to do.
Guernsey International Business Association chairman Peter Mills, pictured, said the group agreed with some parts of the plan, but not others.
Leaving corporate tax to one side would assist an industry which pours millions into States coffers.
'In relation to business taxes we do agree with the underlying sentiment to leave the corporate tax regime as it is currently for the time being, especially as the 10% now includes all sectors of the finance industry.
'Maintaining a viable and competitive corporate tax regime will encourage more business, which will be of benefit to the island as a whole, as the finance industry is the largest contributor to the economy and the sector which employs the most residents both directly and indirectly.'
