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2.9 Deputy G.P. Southern of the Minister for Treasury and Resources regarding the production of an analysis of tax revenue arising from the Zero/10' proposals:
Why has there been a delay in the Minister bringing forward figures giving a detailed analysis by sector of the amount of tax revenue lost as a result of the Zero/Ten proposals and the volume of tax revenues that will be recouped from alternative tax raising methods proposed in the fiscal strategy, and when will this Assembly receive them?
Senator T.A. Le Sueur (The Minister for Treasury and Resources):
These figures are still being worked on and until I have concluded my preferred approach to the Zero/10' legislative solutions, they cannot at present be finalised. However, I hope to conclude the assessment of those provisions within the next 2 weeks and at that time they will be shared with the relevant Scrutiny Panel and with States' Members generally. In response to the second part of that question, I can remind Members that the alternative tax raising methods proposed in the fiscal strategy, which are already in the public domain, were for a Goods and Services Tax to bring in about £45 million; an ITIS system to bring in about £5 million and £10 million to come from the "20% Means 20%" proposals for taxing those with higher incomes. These will come in on a phased basis this year and over the next 4 to 5 years.
2.9.1 Deputy G.P. Southern :
Can the Minister assure the House that it will receive detailed figures in plenty of time to consider them, in the round, in the context of the schedule that he has in mind?
Senator T.A. Le Sueur :
Yes, Sir. Both the Scrutiny Panel and the House will be able to have the information the Deputy seeks.