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Whilst all the headlines and the news coverage focus on GST there is more to this Budget than simply GST.

Most business owners spend years building their business, investing significant time, energy and expertise while often making personal sacrifices along the way.

Guernsey is a self-governing island located in the English Channel offering an excellent standard of living in addition to favourable tax rates. Guernsey does not levy capital gains tax, inheritance or wealth tax.

“We simply don’t take enough in tax to fund the public services our community demands” says Lyndon Trott, president of the policy and resources committee (‘P&R’).