Snp Told Tax Plan Will Lead to Pound(S)2.6bn Black Hole

The HeraldJune 24, 2011

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Summary


SCOTLAND'S budget would develop a pound(s)2.6 billion black hole if the SNP Government cut Scottish corporation tax to the same level as Ireland's, the Scotland Office said yesterday.

Devolving the money raised from company profits to Holyrood is one of six items on First Minister Alex Salmond's wish-list.

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Snp Told Tax Plan Will Lead to Pound(S)2.6bn Black Hole

The UK rate is 26%, Ireland's is 12.5%.

Scottish Secretary...

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