Back To Top

Your Lowtax Account


Guernsey Lawmakers Reject GST

by Jason Gorringe, Lowtax.net, London
03 April, 2015

Guernsey's Parliament has rejected proposals for the introduction of a five percent Goods and Services Tax (GST) by 28 votes to 18.

The possible introduction of GST was proposed in the Personal Tax, Pensions, and Benefits Review, to raise revenues worth GBP50m (USD74.1m). The measure has met with strong local opposition, especially from the retail sector, however, as the lack of a value-added tax is seen as a key appeal to tourists.

Although the vote rules out the introduction of GST for the time being, Social Security Minister Allister Langlois predicted that the tax may be considered again in the future. In fact, it was originally proposed that a GST would not be introduced for a number of years, but it was previously confirmed, after the leak of parliamentary documents, that the tax is under consideration.

Alternative proposals, such as a carbon tax, have now been put forward.


See all of today's news


 

News Archive

Event Listings

Listings for the leading worldwide conferences and events in accounting, investment, banking and finance, transfer pricing, corporate taxation and more...
See Event Listings »