The organisation has responded to a series of articles published last month that compared Island and UK tax bills for average earners.
The first included claims from a former investment manager who said Islanders were paying more tax in Jersey than they would be in England on the same salary. In the second article union leaders raised concerns about the Island’s ability to recruit nurses and teachers if middle-earners were paying more income tax than their UK counterparts.
Addressing the comparison between taxpayers, Geoff Cook, Jersey Finance’s chief executive, said it was ‘disingenuous’ to ignore deductions applied in both jurisdictions such as national insurance in the UK and Jersey’s long-term care charge.
He said: ‘Once these are taken into account, someone working in Jersey for £30,000 or £40,000 will have a greater net income than their UK counterpart.’
Mr Cook has also sought to counter views that the finance industry is staffed by workers earning a great deal more than £40,000, and that the sector should contribute more to the Island’s economy.
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