Jersey delivers on our promise

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Several years ago when Jersey introduced it's  Goods and Services Tax John Christensen of the Tax Justice Network and I speculated on the rate that the tax would rise to over the following 10 years or so.

We were, of course, told that the 3% rate at which it was introduced would be fixed for good. And we, very politely, did not believe those who told us that.

We were right, of course. The rate has been increased to 5% today.

And Jersey has also claimed that it can cut its budget by more than 10% in the coming year. There is not a hope that it will deliver on that promise. In which case, expect GST to rise steadily. I think my forecast was 12%. But John may correct me if I'm wrong.

Either way, as usual, Jersey is delivering on our promise