Following the approval of the Budget in the States last year, retailers with annual profits of more than £500,000 are now charged up to 20 per cent tax.
A number of commentators have claimed that the tax will not only harm Jersey’s already struggling retail industry but dissuade firms from locating to the Island.
And retailers said the tax was introduced with little consultation with the industry.
Now Senator Philip Ozouf, who unsuccessfully lodged an amendment to the Budget calling for the top rate to be levied at ten per cent, has lodged a proposition calling for the vote to be rescinded and his original amendment to be adopted.
‘I have lodged this proposition for two reasons. Firstly, there was no real consultation on the tax. And secondly, the retail environment is a tough one, and to create a disincentive for people to invest in Jersey is insane,’ he said.
The proposition has been countersigned by five States Members: St Helier Constable Simon Crowcroft and Deputies Murray Norton, Graham Truscott, Scott Wickenden and Andrew Lewis.
