The States decided yesterday to support by 33 to 10 the draft law that will make the long planned goods and services tax a reality. And the vast majority of the proposals put forward by Treasury Minister Terry Le Sueur were accepted by Members. However, the debate was due to continue today, when a decision will be made on whether GST will be priced on individual items or charged in total at the till. The new tax, which it is estimated will raise £45 million each year, will be fixed at three per cent for three years after its introduction. However, St Brelade Deputy Peter Troy suggested the tax could raise at least £50 million a year if Jersey mirrored the Isle of Man, which has a smaller economy, and where VAT raises £12.5 million for each one per cent.
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