Jersey's treasury minister has welcomed the decision of politicians not to increase the income tax rate for the island's wealthier residents.
Deputy Geoff Southern had proposed the 20% flat rate be raised to 30%, but members voted against the change by 39 votes to 12.
Senator Philip Ozouf said the 20% flat rate had been the foundation of Jersey's financial success.
The vote to retain it sent out a message of stability, he added.
Mr Ozouf said the government would now be concentrating on attracting new business and jobs for the island.