TaxCorporate TaxTax hike threat to Scottish businesses

Tax hike threat to Scottish businesses

Plans to give Scotland autonomy for tax-raising purposes could damage its fortunes as a place to do business, says Calman Commission report

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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