The drop is already evident in this year’s corporate tax take, which will be £30 million less than expected.Meanwhile, Senator Stuart Syvret today lodged a proposition with the States demanding that Finance and Economics turn over all the information they have so far collated on sales taxes or VAT to States Members.
It will be debated on 25 November.The president of the Finance and Economics Committee, Senator Terry Le Sueur , says at least £25m of the £30m lost in corporate tax is a result of poor stock market performance affecting company profits.
