The committee has answered more than a dozen detailed formal written questions from Deputy Rob Curgenven, and urged people to enhance their understanding of the proposals and the impact they may have.
‘We welcome rigorous scrutiny of proposals of this significance, and we have been happy to provide detailed answers to every question submitted,’ said P&R vice-president Yvonne Burford.
‘However, what these responses demonstrate is that a number of assumptions and assertions which have been circulated on social media simply do not stand up when tested against the available evidence and analysis.
‘We want there to be robust debate about our proposals and for people to reach their own conclusions on the merits of them. However, we naturally want the debate to be based on facts.’
She urged people to read the responses and consider the evidence presented in full.
P&R said that the responses to Deputy Curgenven included clarification that GST revenue estimates incorporate some cautious assumptions to accommodate aspects, like behavioural changes, which are hard to predict.
The committee also said that it had made no allowance for increased GST on additional spending and so revenues could be slightly higher than forecast; and that many households would come out of the introduction of GST with more disposable income as they are paying less tax.
On business issues, the committee said that evidence from Jersey had not indicated widespread behavioural changes from businesses who might look to remain below the registration threshold.
The committee has also reiterated that the proposed International Services Entity scheme is expected to generate around £11m. per year while minimising unnecessary administrative burdens for businesses exporting services internationally.
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