Magazine article Public Finance

Tax Changes 'Most Radical Ever', Asserts Murphy

Magazine article Public Finance

Tax Changes 'Most Radical Ever', Asserts Murphy

Article excerpt

Plans to increase the financial powers of Scotland's Parliament amount to the most dramatic change in taxation ever envisaged by the UK Treasury, Scottish Secretary Jim Murphy told the CIPFA in Scotland annual conference.

He said the radical change - giving the Parliament the right to set a 'Scottish tax' - would involve a huge amount of work and take some time to implement.

We have to do it carefully/ he added.

Labour plans to introduce the change - which will first require legislation at Westminster - in the next session of the Scottish Parliament, which begins in 2011, Murphy said.

The Scottish secretary was responding to a question from an Edinburgh University academic. Alan Trench had raised concerns that during the transitional period to phase in the new power, Scotland's tax yield would be based on Treasury projections rather than on actual income.

This arrangement had led to warnings of a budget 'black hole' of more than £lbn. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.