Control over corporation tax would provide the Scottish government with a significant new lever to help deliver its ambition to boost sustainable economic growth, according to a paper presented to the UK government last week.
‘The UK Government is considering lowering corporation tax in Northern Ireland, making it all the more essential that Scotland gains responsibility for this important tax power to help boost the Scottish economy and create jobs,’ said the Scottish government, which is calling for an amendment to the Scotland Bill currently before the UK Parliament.
The Daily Telegraph reported that the case for devolving corporation tax to was ‘further undermined’ when HM Treasury ‘posed a series of basic questions about the costs that [Alex Salmond, Scotland’s First Minister] has failed to address’.
The Scotland Bill provides for a new Scottish rate of income tax, and Scottish taxes on land transactions and disposals to landfill.
Control over corporation tax would provide the Scottish government with a significant new lever to help deliver its ambition to boost sustainable economic growth, according to a paper presented to the UK government last week.
‘The UK Government is considering lowering corporation tax in Northern Ireland, making it all the more essential that Scotland gains responsibility for this important tax power to help boost the Scottish economy and create jobs,’ said the Scottish government, which is calling for an amendment to the Scotland Bill currently before the UK Parliament.
The Daily Telegraph reported that the case for devolving corporation tax to was ‘further undermined’ when HM Treasury ‘posed a series of basic questions about the costs that [Alex Salmond, Scotland’s First Minister] has failed to address’.
The Scotland Bill provides for a new Scottish rate of income tax, and Scottish taxes on land transactions and disposals to landfill.
