Tax and Trenton Square up for States debate

AN in-committee debate on major changes to the Island’s tax regime which could see 45,000 people moved to paying on a current-year basis is due to be held in the States this week.

Trenton Square                                                             Picture: ROB CURRIE. (29408635)
Trenton Square Picture: ROB CURRIE. (29408635)

Treasury Minister Susie Pinel is proposing that two-thirds of the tax base be moved, claiming that it would assist those whose income has dropped this year due to Covid because their 2019 liability would be deferred and they would immediately start paying tax on their 2020 earnings.

Ministers have also said that the move would help pay off a large chunk of the £336 million the government intends to borrow to pay for the pandemic response.

A petition lodged by former Senator Ben Shenton calling for the 2019 liability to be written off passed 5,000 signatures, making it eligible for States debate. An in-committee debate has no time limit and does not require a vote.

Deputy Pinel’s proposition is due to be debated later this year.

And the Assembly is also due to debate whether Trenton Square should be renamed.

Deputy Montfort Tadier has called for the Island to do more to acknowledge its historic links to the slave trade. His proposition calls for Trenton Square, in the grounds of the International Finance Centre, to be given a different name as it is called after the capital of New Jersey, which takes its name from slave trader William Trent.

A total of 29 written and 27 oral questions have been tabled for the sitting, which begins tomorrow. External Relations Minister Ian Gorst and Deputy Pinel are due to face questions without notice.

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