States debate the Budget 2019
6th December 2018
The States will continue to debate the draft Budget Statement 2019 at today's sitting (Thursday 6th December 2018).
The States will decide whether to adopt an amendment to the Budget proposed by Senator Mezec who wants personal income tax to be charged at a rate of 25% from the 2020 year of assessment.
Yesterday, States members rejected an amendment to the Budget proposed by the Constable of St. Helier who wanted the rate of Income Tax on Large Corporate Retailers to be reduced to 10%. They also rejected Deputy Wickenden's proposal that impot levels for spirits, wine, cider and beer should remain unchanged.
The Corporate Services Panel withdrew its proposal to amend stamp duty bands and rates and the States accepted an amendment by the Minister for Treasury and Resources that targeted income tax reliefs for non-resident individuals should start from the year of 2018 assessment, rather than 2019.
The Minister for Treasury and Resources says this year's Budget has three core principles in mind:
- the government must ensure that its actions are affordable;
- we maintain a balanced approach; and
- we apply common sense in all that we do.
Once the States have debated all of the amendments, they will decide whether to agree the Budget, as amended.
Read the decisions of the States during this week's sitting.
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