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WRITTEN QUESTION TO THE CHIEF MINISTER BY DEPUTY G.P. SOUTHERN OF ST. HELIER
ANSWER TO BE TABLED ON MONDAY 16th JULY 2007
Question
Will the Chief Minister release to members the evidence he has to support his assertion made in oral questions on 17th April 2007, that many retailers would absorb the costs of GST and not pass it on to their customers, and if not, why not?
Answer
In oral questions on 17th April 2007, I said that there is evidence that a number of (rather than many) retailers who will absorb all or part of the 3% GST in their prices when the tax starts.
The evidence to support this statement is from both confidential retailer submissions as part of the major consultation exercise in 2006, and the ongoing programme of education/advisory visits conducted by the States Treasury and Resources Department's GST Compliance staff.
I refer members to the Summary of Responses to the GST consultation exercise' document which is available on the States website.