Plans to give Scotland autonomy for tax-raising purposes could damage its fortunes as a place to do business, says Calman Commission report
Accountancy Age, 30 Jul 2010
Scotland's standing as a place to do business could be dented by plans to arm its government with tax-raising powers, a new report has said.
There is a proposal on the table which could see the tax rate in Scotland cut by 10p, then allowing the Scottish government to raise it back up to the level required.
A report entitled Conversations with Scottish Business found that 57 per cent of firms thought a two-tier tax system in the UK would have "considerable impact " in cost, administration and time, the Daily Express reported.
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