IOD Member Survey – Shaping the Future Together

IOD Survey closes: Wednesday 25th February 2026
Total time to complete is around 5 minutes

Our commitment to fostering a thriving business environment and supporting sustainable economic growth remains unwavering.

In the current climate of rapid change and evolving challenges, your insights are more crucial than ever.

There are two important public consultations currently underway.

▪ The States of Guernsey Tax Review Sub-committee has published a consultation seeking feedback on a range of corporate tax options under consideration, which can be found here.

▪ The Guernsey Financial Services Commission (GFSC) has launched a Digital Finance Consultation Paper, setting out proposals to support the adoption of digital finance across the Bailiwick’s financial services sectors, which can be found here.

This IOD member survey will help inform our response to the consultations, strengthen our advocacy on behalf of business leaders, and guide our collaborative efforts with key stakeholders.

We invite you to share your views below relating to the two consultations.

PLEASE NOTE: You do not need to complete each question if you don’t have a perspective or not relevant to your business and or area of interest.

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* 1. What is your current role or job title?

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* 2. What sector or industry do you primarily operate in?

Agriculture

Manufacturing

Construction

Wholesale & retail

Accommodation & food services

Transport & storage

Information & communication

Financial & insurance

Real estate

Professional, scientific & technical

Administrative & support services

Education

Health & social work

Arts, entertainment & recreation

Utilities (energy, water, waste)

Public sector

Charity / not-for-profit

Prefer not to say

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* 3. If you selected Financial Services Industry, in which sector does your organisation primarily operate?

Banking

Funds / Investment Management

Insurance

Fiduciary / Trust / Private Wealth

Legal / Accounting / Professional Services

Technology / Fintech

Other (please specify)

Corporate Tax Consultation

The consultation paper is issued by the Tax Review Sub-Committee on behalf of the Policy & Resources Committee and has been issued to seek feedback from stakeholders and individuals on corporate tax reform.

The consultation presents five possible options for corporate tax and sets out the context and considerations for tax reform.

This survey captures perspectives from members to inform the IoD’s response to the Tax Review Sub-Committee.

Estimated completion time: 3 minutes

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* 4. Ranking of Corporate Tax Policy Options - Please rank the five corporate tax policy options from 1 (most preferred) to 5 (least preferred) based on their overall suitability for Guernsey's economic future and your business.

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* 5. Impact on Business Growth - On a scale of 1 to 5, how would each of the proposed tax policy options impact your business's ability to grow in Guernsey over the next 5 years?

1 = Significantly Impedes Growth
2 = Moderately Impedes Growth
3 = No Significant Impact
4 = Moderately Fosters Growth
5 = Significantly Fosters Growth

	1	2	3	4	5
Option One – Full profits	Option One – Full profits 1	Option One – Full profits 2	Option One – Full profits 3	Option One – Full profits 4	Option One – Full profits 5
Option Two – Sector extension	Option Two – Sector extension 1	Option Two – Sector extension 2	Option Two – Sector extension 3	Option Two – Sector extension 4	Option Two – Sector extension 5
Option Three – Zero-15	Option Three – Zero-15 1	Option Three – Zero-15 2	Option Three – Zero-15 3	Option Three – Zero-15 4	Option Three – Zero-15 5
Option Four – Territorial	Option Four – Territorial 1	Option Four – Territorial 2	Option Four – Territorial 3	Option Four – Territorial 4	Option Four – Territorial 5
Option Five – Levy	Option Five – Levy 1	Option Five – Levy 2	Option Five – Levy 3	Option Five – Levy 4	Option Five – Levy 5

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* 6. Impact on Guernsey's International Competitive Position - To what extent would each of the proposed tax policy options affect Guernsey's international competitive position for businesses like yours?

1 = Significantly Worsens Competitiveness
2 = Moderately Worsens Competitiveness
3 = No Significant Impact
4 = Moderately Improves Competitiveness
5 = Significantly Improves Competitiveness

	1	2	3	4	5
Option One – Full profits	Option One – Full profits 1	Option One – Full profits 2	Option One – Full profits 3	Option One – Full profits 4	Option One – Full profits 5
Option Two – Sector extension	Option Two – Sector extension 1	Option Two – Sector extension 2	Option Two – Sector extension 3	Option Two – Sector extension 4	Option Two – Sector extension 5
Option Three – Zero-15	Option Three – Zero-15 1	Option Three – Zero-15 2	Option Three – Zero-15 3	Option Three – Zero-15 4	Option Three – Zero-15 5
Option Four – Territorial	Option Four – Territorial 1	Option Four – Territorial 2	Option Four – Territorial 3	Option Four – Territorial 4	Option Four – Territorial 5
Option Five – Levy	Option Five – Levy 1	Option Five – Levy 2	Option Five – Levy 3	Option Five – Levy 4	Option Five – Levy 5

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* 7. Likelihood of Relocation or Downsizing - On a scale of 1 to 5, how likely is it that your business would consider relocating or significantly downsizing its operations in Guernsey if each of the following options were implemented?

1 = Very Unlikely
2 = Unlikely
3 = Neutral / Undecided
4 = Likely
5 = Very Likely

	1	2	3	4	5
Option One – Full profits	Option One – Full profits 1	Option One – Full profits 2	Option One – Full profits 3	Option One – Full profits 4	Option One – Full profits 5
Option Two – Sector extension	Option Two – Sector extension 1	Option Two – Sector extension 2	Option Two – Sector extension 3	Option Two – Sector extension 4	Option Two – Sector extension 5
Option Three – Zero-15	Option Three – Zero-15 1	Option Three – Zero-15 2	Option Three – Zero-15 3	Option Three – Zero-15 4	Option Three – Zero-15 5
Option Four – Territorial	Option Four – Territorial 1	Option Four – Territorial 2	Option Four – Territorial 3	Option Four – Territorial 4	Option Four – Territorial 5
Option Five – Levy	Option Five – Levy 1	Option Five – Levy 2	Option Five – Levy 3	Option Five – Levy 4	Option Five – Levy 5

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* 8. Importance of Factors in Tax Policy Selection - When considering new corporate tax policy options for Guernsey, please rank the following factors from 1 (most important) to 6 (least important) based on their significance to your business and the island's economy.

● Revenue Generation: The ability of the policy to generate sufficient income for the States of Guernsey.
● Fairness: Ensuring the tax system is equitable and proportionate across taxpayers.
● Domestic Competitiveness: Maintaining a level playing field and fostering growth for businesses operating within Guernsey.
● Stability: Providing a predictable and consistent tax environment over the long term.
● Certainty: Offering clear and unambiguous tax rules that allow for confident business planning.
● International Competitiveness: Ensuring Guernsey remains an attractive jurisdiction for international business and investment.

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* 9. Are there any other approaches to corporate tax reform that you believe the Tax Review Sub-Committee should consider, which are not currently presented?

GFSC Digital Finance Consultation

The GFSC has issued a consultation on Supporting Growth with Digital Finance, covering areas including stablecoins, tokenisation, digital asset custody, and technology-enabled compliance.

This survey captures strategic, board-level perspectives from members to inform the IoD’s response to the GFSC. The questions focus on competitive positioning, market opportunities, capability gaps, and areas that may be missing or under-addressed in the proposals.

Estimated completion time: 2 minutes

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* 10. Strategic positioning of Guernsey

Overall, how well do the GFSC’s proposals position Guernsey in the global digital finance landscape?

Strongly positioned – clear and credible competitive advantage

Well positioned – sensible and credible but not leading

Adequately positioned – broadly aligned with peer jurisdictions

Not adequately positioned – risks falling behind competitors

Unsure / insufficient information

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* 11. Innovation vs jurisdictional risk

Does the consultation strike the right balance between enabling innovation and protecting Guernsey’s reputation as a well-governed jurisdiction?

Too cautious – innovation is constrained unnecessarily

Slightly too cautious but broadly acceptable

About right – an appropriate balance

Slightly too permissive – some risks underplayed

Too permissive – material risks insufficiently addressed

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* 12. Primary strategic opportunity

Which area represents the single most important digital finance opportunity for Guernsey over the next 3–5 years?

Stablecoin issuance and reserve management

Fund tokenisation and modernised fund infrastructure

Tokenised securities / real-world asset tokenisation

Digital asset custody for institutional and private wealth clients

Technology-enabled compliance and RegTech solutions

Retail digital finance services

Other (please specify)

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* 13. Retail participation and safeguards

The consultation proposes removing restrictions that currently limit VASP services to institutional and wholesale clients. Which approach to retail participation would be most appropriate for Guernsey?

Permit retail participation with strong, clearly defined safeguards

Permit retail participation with proportionate, disclosure-based safeguards

Differentiate by product type (e.g. payments vs investments)

Maintain current restrictions – retail participation presents excessive risk

Other (please specify)

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* 14. What is missing or under-addressed?

Which area is most missing or under-addressed in the GFSC’s proposals?

Cross-border coordination and equivalence with key jurisdictions

Tax clarity and treatment of digital assets

Jurisdiction-level digital identity / KYC infrastructure

Implementation timelines and execution risk

How Guernsey will actively attract digital finance business

Nothing significant is missing

Other (please specify)

Thank you for your participation.

Responses will be aggregated and used to inform the IoD’s response to the The States of Guernsey Corporate Tax Consultation and the GFSC Digital Finance consultation.

For further discussion or follow-up input, please contact: officer.guernsey@iod.net

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* 15. Are you happy to be contacted if the IoD would like to discuss the survey?

Yes (please provide your email below)

IOD Member Survey – Shaping the Future Together

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* 1. What is your current role or job title?

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* 2. What sector or industry do you primarily operate in?

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* 3. If you selected Financial Services Industry, in which sector does your organisation primarily operate?

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* 4. Ranking of Corporate Tax Policy Options - Please rank the five corporate tax policy options from 1 (most preferred) to 5 (least preferred) based on their overall suitability for Guernsey's economic future and your business.

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* 9. Are there any other approaches to corporate tax reform that you believe the Tax Review Sub-Committee should consider, which are not currently presented?

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* 10. Strategic positioning of GuernseyOverall, how well do the GFSC’s proposals position Guernsey in the global digital finance landscape?

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* 11. Innovation vs jurisdictional riskDoes the consultation strike the right balance between enabling innovation and protecting Guernsey’s reputation as a well-governed jurisdiction?

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* 12. Primary strategic opportunityWhich area represents the single most important digital finance opportunity for Guernsey over the next 3–5 years?

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* 13. Retail participation and safeguardsThe consultation proposes removing restrictions that currently limit VASP services to institutional and wholesale clients. Which approach to retail participation would be most appropriate for Guernsey?

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* 14. What is missing or under-addressed?Which area is most missing or under-addressed in the GFSC’s proposals?

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* 15. Are you happy to be contacted if the IoD would like to discuss the survey?

* 10. Strategic positioning of Guernsey

Overall, how well do the GFSC’s proposals position Guernsey in the global digital finance landscape?

* 11. Innovation vs jurisdictional risk

Does the consultation strike the right balance between enabling innovation and protecting Guernsey’s reputation as a well-governed jurisdiction?

* 12. Primary strategic opportunity

Which area represents the single most important digital finance opportunity for Guernsey over the next 3–5 years?

* 13. Retail participation and safeguards

The consultation proposes removing restrictions that currently limit VASP services to institutional and wholesale clients. Which approach to retail participation would be most appropriate for Guernsey?

* 14. What is missing or under-addressed?

Which area is most missing or under-addressed in the GFSC’s proposals?