Income tax plan would ‘undermine’ Scots firms
BUSINESS leaders have warned Scottish Government plans for a local income tax would increase costs and impose a heavier burden on business.
The new tax would also make it harder for Scots-based employers to attract talent from outwith the country, according to CBI Scotland.
In a submission to the Government’s consultation on the policy, CBI Scotland chairman David Thorburn said: “Our members are deeply concerned that a local income tax would undermine the competitiveness of Scots-based firms, increase their costs particularly compared to competitors based elsewhere and burden them with yet more red tape.
“It would do nothing to attract the talent and corporate headquarters that Scotland needs.”
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Tuesday 29 May 2012
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