Scrutiny call for further changes to Government tax reform plans
30th October 2020
Scrutiny
call for further changes to Government tax reform plans
The
Corporate Services Scrutiny Panel has published a report following detailed
examination of the tax reform changes being put forward by the Minister for
Treasury and Resources, Deputy Susie Pinel.
The report
highlights that although there will be some benefit to PYB taxpayers, the
economy and Government, both in the short and long-term, there are a number of
risks caused by the plans and their last-minute amendments.
The Panel
shares 25 key findings and makes 21 recommendations in its report. These
include a call for greater clarity around the proposals, especially on payment
terms, which are yet to be finalised. The Panel has identified that payment
terms need to be flexible to reflect individual circumstances. The report aims
to ensure that any changes, if adopted by the States Assembly, will be
appropriate, fair, clear to understand and not unduly impact public finances or
Revenue Jersey resources.
Senator
Kristina Moore, Chair of the Panel, comments: “The planned tax reforms would
have a significant impact on a large proportion of taxpayers and the Island’s
finances as a whole. We’ve carried out this review in a short time scale to
meet the Minister’s request to debate the proposition on 3 November. Our
recommendations are designed to ensure that the tax reform changes do not
negatively impact Government, individual or family finances”
The report
follows a six-week review into the proposed changes, which involved public
hearings; a detailed analysis of the financial impact of the proposals; and
written submissions from members of the public.
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