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Scots plan separate tax agency

The Scottish government has announced its intention to set up a separate Revenue Scotland agency after HMRC highlighted practical issues on the devolution of tax-raising powers.

Apparently lower corporate and personal tax rates are a key part of Scottish Nationalist first minister’s Alex Salmond’s economic policy, and his preference is to set up a separate tax body to administer tax collection.

The problems on determining residence and liability would be interesting, or challenging, depending on your view.

 

 

Date: 6th July, 2012
Author: Cathy Corns

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