The Senator has told a Scrutiny panel that the planned Jersey Fraud Office would cover its running costs and provide a return to the Treasury.
He told the Corporate Services Scrutiny panel that a similar plan to invest £160,000 on two posts to manage the States’ investments and stakes in utilities companies would yield another £300,000.
The Treasury Department has been allocated £630,000 in extra funding under the proposed 2010 Business Plan. Of that money, £220,000 will be spent on two tax and benefit fraud investigators and an accountant to handle applications under Jersey’s Tax Information Exchange Agreements.
• See Monday’s JEP for full story.
