TaxCorporate TaxTories want more tax power for Holyrood

Tories want more tax power for Holyrood

Party backs more fiscal autonomy for Scottish parliament

A Conservative government would transfer powers to cut excise, stamp and fuel
duty to Holyrood as part of a new proposal for partial fiscal autonomy.

According to The Scotsman, senior figures in the party, are in
favour of various taxes being devolved, with the assumption that they would then
be cut in Scotland.
Under Tory plans this would help stimulate growth, attract business investment
and giving Scots more money of their own to spend.

However, there are concerns that such a plan will clash with Tory leader
David Cameron’s recent high-profile commitment not to offer tax cuts at this
time.

Granting autonomy to Scotland on these three taxes is based on the fact that
they are easy to identify, are paid by individuals and companies at specific
geographic locations and are relatively uncomplicated to collect.

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