Don't be fooled by 'businessforscotland' - it's basically a front for SNP propaganda and was registered as a 'yes' supporting organisation with the Electoral Commission. It may have changed (though I doubt it) but in the run up to the referendum no large businesses, or cross-border businesses, were members.citizenJA wrote:More about powers devolved from the Scotland Act 2012 - an alternative perspective below.I don't understand the second paragraph.Explaining the limited tax powers in the Scotland Act 2012
Michael Gray
17 March 2014
Clearly the Scotland Act was not the significant transfer of fiscal powers that some politicians have tried to make it out to be. Even if you generously include the ability to vary income tax as ‘control’ over that revenue, then Scotland will still only have control over 15% of its total revenue.
Polls show that a big majority of Scottish voters support the devolution of more tax powers to Scotland. Yet when the opportunity arose to do just that, 85% was kept at Westminster and Scotland’s share was only increased by a marginal amount.
http://www.businessforscotland.co.uk/ex ... -act-2012/" onclick="window.open(this.href);return false;
'A big majority of Scottish voters support further devolution of more tax powers in Scotland'
What opportunity arose to devolve more tax powers is the author referring to?
Close examination of Business for Scotland’s declared member list shows that the group has only a tiny handful of members who employ significant numbers of Scots, and literally none with a substantial cross-border trade. In other words, it could scarcely be less representative of the industries that provide the majority of Scotland’s private-sector jobs and which, according to the No campaign, are at risk from a Yes vote.
http://www.telegraph.co.uk/news/uknews/ ... dence.html
http://chokkablog.blogspot.co.uk/2014/0 ... esent.html
The Scotland Act 2012 will force Holyrood to use tax-varying powers. They haven't used the 3p variation allowed by the 1999 Act but this time, income tax paid by Scottish taxpayers will be reduced by 10%. This reduction will be reflected in the Scottish block grant and it will be up to the Scottish Parliament to collect the shortfall. Presumably if they impose a 10% Scottish tax rate, they'll break even.
https://www.gov.uk/scotland-act-2012
The property tax (stamp duty) has already shown that changes made by Westminster affect the devolved tax.
http://www.bbc.co.uk/news/uk-scotland-s ... s-30908336