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Last Updated: Thursday, 29 June 2006, 20:58 GMT 21:58 UK
Extra time for tax consultation
People in Jersey have been given more time to comment on plans for major tax changes in the island.

As part of a new strategy, tax on corporate profits will be cut to zero for some firms and 10% for others to keep Jersey financially competitive.

However, it is predicted the move will leave a 100m black hole in the government's finances.

Treasury Minister Terry Le Sueur said people now had until the end of July to comment on the proposals.

The States is trying to find ways to make up for the lost income and businesses are looking at new ways to make the economy grow.

Recently the States agreed to extend the consultation on plans for a 3% goods and services tax.

The island's government plans to introduce the tax in 2008 as one way to help make up the project deficit.


SEE ALSO
Sales tax consultation extended
21 Jun 06 |  Jersey
Row over spending of saved cash
19 Jun 06 |  Jersey
1m cost of implementing new tax
10 Feb 05 |  Jersey

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