Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Thursday, 27 January 2011. It occurred during Debate on bill on Scotland Bill.

Scotland Bill

The hon. Gentleman talks of the amount that might be raised if the tax rate were put up. There is, however, a built-in perverse disincentive to lower the tax rate. If the income tax rate, for example, were lowered and that stimulated economic growth, and if the benefit were paid from higher corporation tax receipts, the Scottish Parliament would take the hit of reduced income tax, while the United Kingdom Government would gain the advantage of enhanced corporation tax.

Secondary information

Type: Proceeding contribution
Reference: 522 c511
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Accountability Administration of justice Devolution Capital investment Borrowing Aggregates levy Crown Estate Health services Elections Expenditure Income tax Landfill tax Powers Public finance Scotland Scottish Parliament Taxation Taxpayers Stamp duty land tax Operating costs Reserves Scottish Devolution Commission
Legislation: Scotland Bill 2010-12
Link: View this Proceeding contribution on www.publications.parliament.uk

Scotland Bill

Secondary information

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