Treasury Minister: ‘I did not say there wouldn’t be tax increases’

And Senator Philip Ozouf told a scrutiny panel hearing this week that more work would be put into solving the issue of foreign non-finance firms not paying tax in Jersey and committed again to finding a solution over the next three years.

In his pitch for the Treasury job in 2008 he promised to find a way to make the foreign firms pay tax here, but nothing has come forward.

Referring to his promises on tax, The Senator said: ‘The headlines in the JEP do not reflect what I said. I did not say that there would be no increase in tax.

‘What I mean is I do not think that there is going to be a requirement for having to increase tax rates over the next three years in terms of GST, income tax or – apart from the normal Health department-driven inflation – in duty.’