A SCOTTISH corporation tax risks destablising the public finances, ICAS has warned.
The institute has told the leader of the Scottish government, Alex Salmond, that a lower corporation tax rate north of the border would not encourage more economic activity, according to Scotland on Sunday. UK wide corporations will simply “profit shift” to take advantage of the lower tax rates, it warned.
The Holyrood administration is set to release a consultation document this week setting out its case.
The UK government has consulted recently on introducing a separate corporation tax for Northern Ireland, which was announced originally in the Budget.
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The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
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