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STATES OF JERSEY
LAND DEVELOPMENT TAX OR EQUIVALENT MECHANISMS (P.147/2011): COMMENTS
Presented to the States on 31st October 2011 by the Council of Ministers
STATES GREFFE
2011 Price code: A P.147 Com.(2)
COMMENTS
The Council of Ministers maintains the comments presented by the Council in response to P.90/2011.
Ministers wish to reiterate their view that the decision of the States to carry out further work on Policies H1 and H3 of the 2011 Island Plan will deliver, not only an inherently more viable and proportionate system of deriving revenue from land development, but also actual affordable homes.
The Council of Ministers also believes that any proposals for a land development tax must be considered as part of a much wider review of property taxation. The Minister for Treasury and Resources has committed to such a review, which will be undertaken by the Tax Policy Unit in 2012. Until that review has been completed, it would be premature for Ministers to comment on the appropriateness of the Deputy of St. Mary 's proposals.
The Council of Ministers supports the comments of the Minister for Treasury and Resources and urges States members to reject this proposition.
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