Tag "Income Tax"

Forget GST, debt is where the action is

A radical suggestion that both the island’s financial black hole and income tax could be wiped out by introducing GST at 27% has drawn strong public interest. It does not take a doctorate in economics to see that such an idea, were it to be implemented, would have a massive effect on the island. Thankfully, it is a long way from even being considered, let alone executed. It is just two economists blue-sky theorising about what might be feasible.

Unless States saves, GST will rise again

IT IS a debate that refuses to die. The spectre of a GST has again been raised as one of the answers to finally eliminating the deficit in States finances. While the option in the Annual Independent Fiscal Policy Review of a 27% GST coupled with scrapping income tax is one straight from economists’ wildest dreams, it is a timely reminder.

Economic battle unites island states

FROM Tonga to Trinidad and Iceland to Fiji the islands of the world are drawn together in another illuminating report from Island Global Research. While it is hard at times to see the issues facing the Cook Islands off New Zealand as being as relevant to our Bailiwick as those in Jersey and the Isle of Man, the latest collation of facts and figures from 25 jurisdictions around the globe offers much food for thought. Not least of which are some radical ideas for dealing with debt and a weakening global economy and balancing direct and indirect taxes.

New position makes change less taxing

WHEN a year ago the States asked islanders what the public sector was doing right and wrong in delivering services it was clear where the biggest problems could be found. A bar chart detailing answers to the question ‘Which service were you least satisfied with?’ had a single skyscraper of dissatisfaction: Income Tax. More than 360 people identified the Cornet Street department as unsatisfactory compared to just 75 for Education, the next worst performing unit.

Is this how we intend to treat pensioners?

THIS letter follows: Income tax status change ‘penny pinching’, 24 March 2016, Tax status change ‘discrimination of the highest order’, 30 March 2016, and Income tax amendment ‘grossly unfair’, 7 April 2016. Most States members, I feel, must have slept through this income tax amendment part of the Billet and by the lack of response I have had from Treasury and Resources, are still sleeping.

Income tax status change ‘penny-pinching’

I write to you (Treasury and Resources) concerning my income tax marital status. I am an ex-Guernsey civil servant, married and had lived in Guernsey for many years where we brought up our family, some being educated there and all having worked in Guernsey.

A rise in income tax would be more equitable than a GST

I WAS sickened to read your article on the States’ plans to introduce GST and further penalise the average working family and favour the wealthy among us. I do not seek to punish the better off for their hard work or just good fortune, however they must accept that if you wish to live here, you must bear the cost fairly.

What was rejected to get GST?

WHEN the Assembly does finally debate the introduction of a general sales tax, slated for implementation in 2019, States members of the day need to look for something specific.