A Public Consultation on Personal Taxation - Presented by the Minister for Treasury and Resources on 21 July 2010

1. Fiscal Strategy Review Green Paper A public consultation on personal taxation Presentation by the Minister for Treasury and Resources St Paul’s Centre 21 July 2010

2. The overall fiscal position £100m Contingency and unbudgeted costs Ongoing deficits Additional Investment needed What we need to fund

3. The overall position £100m £100m CSR savings Personal taxes (after economic growth) Contingency and unbudgeted costs Ongoing deficits Additional Investment needed What we need to fund How the funds could be raised

6. How Jersey compares £ per person

7. The economic issues “ Growth-oriented reforms would generally involve shifting revenue from corporate and personal income taxation or social security contributions onto consumption and property taxes, including housing taxation.” Source: OECD

8. The four options: a summary of the trade offs Negative Progressive £30m Income tax 30% over £100,000 Positive Mildly regressive £30m Domestic rates Up x3 Negative Progressive £30m Social Security Raise ceiling to £115,000 Positive Mildly regressive £30m GST Raise by 2% Economic impact Fairness Revenue (per year) Measure

9. Before CSR and FSR After CSR Forecast effect of CSR and FSR Surplus Deficit After CSR and FSR

11. Fiscal Strategy Review Green Paper A public consultation on personal taxation If you’d like to join the States consultation register please leave your contact details