SCOTTISH FINANCIAL ENTERPRISE ASKS QUESTIONS OVER DEVOLUTION OF CORPORATION TAX
September 29, 2011
Scottish Financial Enterprise (SFE) raises a number of questions over the issue of devolving corporation tax in a submission to the Scottish Parliament's Scotland Bill committee today.
SFE is "constructively sceptical" but it believes these questions need to be answered before a fully informed decision can be taken.
Owen Kelly, Chief Executive of SFE said:
"We offer the following questions which, we believe, need to be considered as part of the debate which needs to precede such a decision. We do so from a position of constructive scepticism.
"Devolving corporation tax might be good for Scotland and good for our industry; but it is difficult to form a considered view on that proposition, if these questions remain unanswered to the fullest extent possible. We therefore invite the Committee to give consideration to these and other questions forming the basis of a study, to explore all available facts and evidence, before a decision is taken."
Notes
1. Contact details: Elaine Ravenscroft, Scottish Financial Enterprise, Tel: 0131 247 7700/ 07919 468 960 eravenscroft@sfe.org.uk
2. Scottish Financial Enterprise is the representative body for Scotland's financial services industry, with members ranging from global companies headquartered in Scotland to small, locally-based support businesses.
3. The full response to the Scotland Bill Committee is attached in the following link: SCOTLAND BILL - CALL FOR EVIDENCE
