Guernsey Says Tax Reform Inevitable
by Jason Gorringe, Lowtax.net, London
23 May, 2017
Guernsey's Chief Minister, Gavin St Pier, has reiterated his Government's commitment to tax reform in a recent statement to the island's legislature.
He said reforms are necessary to address pressures on both spending and the island's tax base from an aging demographic, and international constraints on Guernsey's corporate tax regime.
These reforms include the design of an integrated social security and tax collection service and individual income tax reform.
St Pier said: "We can neither cut our way, nor tax our way to fiscal sustainability. There is no simple, single solution. We have not found a silver bullet."
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