Snp Makes Tax Its Key to Growth Salmond Says Corporate Rate Cuts Would Pay in Long Term

Summary

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ALEX Salmond yesterday set targets for moving an independent Scotland to a higher growth economy, with ambitions to use corporate tax cuts for a major rise in tax revenue.

Launching his new economic policy in Dundee, the SNP leader claimed Scotland could move into line with other small countries by slashing business tax by a third. He said that would attract business into Scotland, particularly the head office operations currently in England, but the plan met with opponents' charges that it was uncosted and represented a financial black hole.

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Extract

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Snp Makes Tax Its Key to Growth Salmond Says Corporate Rate Cuts Would Pay in Long Term

The new growth target is 4-per cent, up from 1.8-per cent projected for Scotland this year, and 2.3-per cent for the UK. The SNP claims it can move S...

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