We plan to develop a new tax system for Scotland to better meet key policy objectives, based on the design principles of a modern and efficient system set out by the Fiscal Commission:
■■ simplicity – tax rules and obligations are well known, easily understood and liability is clear
■■ neutrality – the negative or unintended effects of taxation should be minimised and decisions on taxes should be made on merit
■■ stability – of both tax revenue stream and tax rules and procedures, allowing predictability and certainty in the decision making and planning of individuals, businesses and government
■■ flexibility – to respond to change, particularly in a dynamic and constantly evolving global economy
Weasel words but at least a modicum of intention
We have heard it all before: BBC News - Tax system 'to be simplified to encourage investment'
And look what happens: Coalition Creating More Tax Loopholes Than They Are Scrapping, MPs Warn
■■ simplicity – tax rules and obligations are well known, easily understood and liability is clear
■■ neutrality – the negative or unintended effects of taxation should be minimised and decisions on taxes should be made on merit
■■ stability – of both tax revenue stream and tax rules and procedures, allowing predictability and certainty in the decision making and planning of individuals, businesses and government
■■ flexibility – to respond to change, particularly in a dynamic and constantly evolving global economy
Weasel words but at least a modicum of intention
We have heard it all before: BBC News - Tax system 'to be simplified to encourage investment'
And look what happens: Coalition Creating More Tax Loopholes Than They Are Scrapping, MPs Warn
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