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Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Tuesday, 21 June 2011. It occurred during Debate on bill on Scotland Bill.

Scotland Bill

A number of businesses moved to Ireland in the last Parliament to take advantage of lower corporation tax. A number of others moved to continental Europe, to the Netherlands. One of the drivers for this Government reducing corporation tax was to send out that signal. That change will not necessarily be paid for by changes to allowances or spending cuts; it will be paid for in the medium and long term by increased economic growth, which is a consequence of a lower business tax regime. Why has the Minister excluded the potential of growth in Scotland from it having lower corporation tax, and merely highlighted the payment in other ways?

Secondary information

Type
Proceeding contribution
Reference
530 c233 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Devolved matters Alcoholic drinks Corporation tax Devolution Borrowing Income tax Excise duties Landfill tax Powers Public expenditure Scotland Taxation Taxpayers Stamp duty land tax Scottish Government
Legislation
Scotland Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk