An amendment was brought to the States budget in Jersey’s parliament yesterday seeking to put GST (Jersey’s VAT) up to 6% but to exempt all food and fuel for the benefit of the poorest in the community.
The amendment was defeated by a narrow margin (26 to 24), but the proposer said everything that needed to be said about how regressive GST is.
Instead Jersey will put GST up from 3% to 5% on everything (except exempted items like marine diesel for your yacht and repairs on your swimming pool).
And all this to keep Jersey tax free international tax avoiders.
The time will come when the people of Jersey will say no.
And it will be sooner than many expect, I’m sure.