Corporation Tax

Deputies say a 15% tax on all Guernsey-registered businesses would reduce the island's deficit without increasing individual taxes.

The current 'zero ten' system, sees most companies locally pay no corporation tax on their profits, while financial institutions pay 10%.

Google, Apple, Facebook, Amazon, Microsoft, eBay, Adobe and Cisco collectively avoided paying an estimated £1.5bn in tax on their profits in the UK in 2019.