States spending could double GST, warns Chamber » News » This Is Jersey.
Jersey Chamber of Commerce say Jersey's GST (VAlue Added Tax) will double in rate by 2012.
So now we know the reality of Jersey: local people are screwed to make sure that tax evaders from elsewhere don't pay tax.
Nice, isn't it?
And of course only possible becasue the financial services industry has captured the state.
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[…] have just mentioned the capture of Jersey by the financial services industry resulting in tax increases on local people […]
My son spent five years working in Guernsey. He agrees with you Richard.
It’s awful these tax evaders come in and invest their money and then don’t use any of the services like schools, roads, social services and then they don’t pay taxes to not use them.
That’s awful!
I mean if I go window shopping and don’t buy anything, should I not be charged money anyway.
Please!
Creg – tax evaders don’t pay tax towards public services in any country, including the country they live in.
And, they certainly don’t “invest” money in Jersey, or other tax-havens. The money that they deposit in Jersey accounts, would be invested elsewhere, on stock markets, etc.
Jersey survives on the income tax, and other taxes, paid by people who work in finance.