Official move to tax Jersey's rich more

Jersey's richest residents could see their tax bills go up if an island politician gets his way.

Deputy Geoff Southern is calling on so-called High Value Residents to pay a greater proportion of their earnings to the Treasury coffers.

There's a current ceiling of £125,000 in the tax-take for HVRs.

Deputy Southern's proposition would see that rise to £150,000.

Deputy Geoff Southern wants the rich to pay more tax.

In these straightened times which have seen the island's economy fall into structural deficit, with the consequent rises in taxation and reduction of public services, it is time to redress the balance in taxation.

– Deputy Geoff Southern

Politicians will formally debate Deputy Southern's proposition which, if successful, will apply to tax assessments starting 2017.