They say they have taken legal advice on whether the proposed new tax system will satisfy the EU, who forced the change on the States, and that it will have to be reworked to withstand scrutiny.
The Centre Party will unveil their own tax package next Thursday at a meeting at St Paul’s Centre – and they say have an alternative that will comply with EU demands and bring no additional burden to Island residents or firms.
Campaign manager Darius Pearce said: ‘We have always felt that a goods and services tax was not in the interest of the finance industry.
The pressure from the workforce for a compensatory salary increase would have severely impacted their profitability.
‘We are confident that our package will not only be compliant with the EU ruling, but will also prove preferable to the measures already planned.’
