Skip to main content

Former politicians sceptical corporate taxes can fill black hole

Two former senior politicians have cast doubt on the possibility of corporate taxes helping the island to avoid the prospect of a goods and services tax.

Former deputy Heidi Soulsby arriving at the States when GST was debated last term. It is back on the agenda this week
Former deputy Heidi Soulsby arriving at the States when GST was debated last term. It is back on the agenda this week / Guernsey Press

Heidi Soulsby, the former vice-president of the Policy & Resources Committee until last summer, and former Employment & Social Security president Michelle Le Clerc were speaking on The Long and the Short of It podcast, available through the Guernsey Press.

They said they were sceptical that the offers presented in a consultation on corporate taxes would prove effective in filling the black hole in States finances – initial estimates presented in the P&R consultation indicate that they will not – when so many election candidates appeared to be relying on corporate taxes to mean that they would not be required to support a GST.

Listen to the full podcast here

GST is back under discussion in the States Assembly this week.

‘You can’t just say you don’t want a GST, you’ve got to come up with a solution,’ said Mrs Soulsby. ‘We’ve talked about the structural deficit being £100m. and you’ve got to plug it somehow.’

Ms Le Clerc said that she had not seen ‘a well thought-out, costed argument’ put forward from those politicians opposing a GST on how they would seek to cover the deficit.

You need to be logged in to comment. If you had an account on our previous site, you can migrate your old account and comment profile to this site by visiting this page and entering the email address for your old account. We'll then send you an email with a link to follow to complete the process.