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SCDI urges MSPs to look to the long term in debate on Scotland’s tax future

November 2017 The Scottish Council for Development and Industry has welcomed a debate on tax following the Scottish Government paper on income tax rate options.

The Role of Income Tax in Scotland’s Budget, published today (Thursday 2nd November), sets out the Scottish Parliament’s powers over income tax, its budgetary contribution, who pays and the benefits of taxation for individuals and businesses.

Mark Bevan, Chief Executive of SCDI, said:

“SCDI fully supports building a constructive and considered debate on Scotland’s tax future and we urge caution on short-term measures for a more longer term and balance view on tax which delivers economic prosperity and good quality of life for all.

“Crucially, government, industry and civic society need to work together on a tax strategy for the long term, so that we can be confident that the post-digital, low carbon economy now emerging will support inclusive growth, public services and fiscal sustainability during significant changes in business models, working practices and life.”

The Finance Secretary Derek Mackay MSP will host two stakeholder roundtables later this month with business organisations, trade unions, civic society and tax professionals.