Details of the Council of Ministers’ taxation and spending plans until 2019 are due to be revealed when the addition to last year’s Medium Term Financial Plan is published on 30 June.
Ahead of the release of the MTFP addition, businessman Kevin Keen warned on Monday that unless significant cuts are made to public spending, GST could need to increase to 15 per cent and Jersey’s top rate of income tax to 27 or 28 per cent – GST, which is similar to UK VAT, currently stands at five per cent, while Jersey’s top income tax rate is 20 per cent.
Responding to Mr Keen’s remarks, Senator Alan Maclean said that he would not comment on whether either tax would increase but pointed out that ministers had given no indication that they would.
