Report: Turnover tax at 4% earned less revenue than 2%
MARIGOT--The Collectivité recouped less revenue from the increase of Taxe Général sur le Chiffres d'Affaires (TGCA) to four per cent than it did when it was at two per cent, Independent Territorial Councillor Jules Charville has disclosed, citing a 2013 report.
He warned that now the TGCA has been imposed across the board to all services at four per cent the result will be more business closures, more unemployment, and significantly more people applying for the Revenu Solidarité Active (RSA) benefit, potentially bumping its cost to the Collectivité up to 20 million euros per year from 16 million.
"People could either not pay the four per cent for whatever reason or businesses closed because they were in trouble," he explained Read more
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