Their amendment to the 2024 budget has been split into three options, with the preferred one being to completely abolish the cap.
If this fails, they want to phase out the tax cap over a 5-year period, and failing all else, a third option would increase the tax cap from £150,000 to £250,000 for qualifying income and £300,000 to £500,000 for non-qualifying income.
Pictured: Deputies Chris Le Tissier and David de Lisle have submitted the amendment.
They argued that the current system is unfair to some in the community.
“I have been concerned [with] the inequalities in our Income Tax system for some time,” said Deputy Chris Le Tissier.
“I pledged to do something about it in my manifesto, so I owe it to those who voted for me.
“The system of allowing the super wealthy to pay a capped… rate of tax is deeply unfair and discriminates against the vast majority of other Guernsey taxpayers. Out of our 65,000 residents approximately 30 individuals benefit from our generosity.
“I believe this needs to be resolved without further delay as P&R have steadfastly refused to even acknowledge there is a problem and rely on that old chestnut of ‘these super wealthy people will leave’, without providing a shred of evidence to back up their assertion.
“I and everyone I have spoken to do not believe any of the 30 residents will leave as there are many, many other benefits to the super wealthy in living in our wonderful island.”
Pictured top: Deputy Le Tissier.