Le Sueur refuses to drop GST

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Le Sueur refuses to drop GST

Post by GD on Thu 15 May 2008, 2:45 pm

TREASURY Minister Terry Le Sueur refused to take GST off the price of food yesterday.
The Senator was bombarded with questions in the States about last week’s introduction of the goods and services tax and the numerous exemptions already in place.
In a bid to help people with the rising cost of Island life, Senator Le Sueur was asked if he would drop the 3% levy from food.
But he stood firm and said he would not be introducing an exemption on food. He said it would ultimately be up to States Members to decide if they wanted to exempt food, but that should not be considered until the introduction of GST in Jersey is reviewed later this year.


Review .... bet the tax won't be removed probally extended if not increased!
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Re: Le Sueur refuses to drop GST

Post by Troy McClure on Wed 21 May 2008, 2:13 pm

What other option does he have but to refuse taking GST off of food? If he did the shortfall in GST revenue would have to be made up elsewhere and the States have committed to not raising the 3% rate for 3years.

It *is* a shame that due to the poor decisions of the past and the need to avert the threats of foreign governments that GST was needed at all, but as there is a need GST seems to be a very fair tax.

What is the problem on a consumption tax? seems fairer to me to tax consumption than success, as with Income Tax.

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