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GST exemptions would incur greater costs in the long run
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From Craig Leach.
AS yet, the public may not understand that exemptions are a means-related benefit – the greater your means the more your benefit. Referring to the Household Expenditure Survey, for every £10 benefit the poorest families get the richest get £30 minimum. For domestic energy read £10 and £45. What bizarre benefits!
They also may not understand that to contrive this topsy-turvy benefit we need to employ ten extra civil servants, who are perhaps the biggest winners, followed by lawyers, accountants, auditors, software folk and, of course, the politicians who rely for election on this lack of understanding.
They also may not be aware that the UK is being recommended to scrap exemptions so that greater resources can be deployed to help the less well-off.
They also may not be aware that there are many far more sensible ways of helping the less well-off and the middle classes through tax allowances, support for safety net funds, Age Concern, etc.
You are aware of all this. What to do? Saddle Jersey with an inefficient almost irreversible second-rate tax regime or support the advice of the Crown Agents and international best practice to protect Jersey’s position?
Some experience from Singapore:
As Bob Gaiger (JEP, 29 August) said, we have a majority of sensible politicians who can rise above gesture politics and do what is right for the future of Jersey, its people and especially the poor.
We need the best in taxation efficiency and social security support. Capitulate to gesture politics now rather than on doing what you know to be right and we put our costs up, provide minimal help to people in need and jeopardise our competitive position.
Les Fauvettes,
La Grande Mielle,
Grouville.
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