The University of Strathclyde
How should a wealth tax be designed? What and who should be taxed in principle, and would this be feasible in practice? And, given the interest in devolving greater revenue responsibility to the Scottish Parliament, would a wealth tax be suitable for devolution? This article considers some of these questions.
We set aside some time yesterday to look over the Prime Minister’s economy announcements, following the trail that it would set out a plan for recovery. At the heart of the announcement was a £5bn “new deal” to build homes and infrastructure. But has been widely pointed out, there was …
Fiscal stimulus? Plus a note about ‘borrowing powers’… Read More »
David Eiser, Fraser of Allander Institute, david.eiser@strath.ac.uk The outlook for the Scottish budget in 2020/21 has changed substantially since it was published in March. Higher spending and lower revenues will largely be offset by increased grant from the UK Government. The pandemic also accentuates the scale of several fiscal risks …
The outlook for the Scottish budget in 2020 and beyond Read More »
Mairi Spowage is joined by David Eiser from the FAI, Dr Ed Poole and Guto Ifan from the Wales Governance Centre at Cardiff University, and David Philips from the Institute For Fiscal Studies to discuss the impact of Covid-19 on devolved fiscal frameworks.
The Scottish Budget 2020/21 was published and agreed before Covid-19 was perceived as posing a significant health risk to the UK. This post examines how the policy response to Covid-19 will affect the size of the Scottish budget, the outlook for devolved revenues, and the financial risks the budget is …
Scottish budget risks and uncertainties – implications of Covid-19 Read More »
New summary statistics have been released today on household income for the UK, including Scotland, covering the period up to the 2018/19 financial year. These figures belong to the pre-COVID-19 world but should not be dismissed as irrelevant. They provide a picture of the underlying health of household finances going …
Household finances in Scotland – now and in the future Read More »
Earlier today, FAI Director Graeme Roy gave a talk to the Chartered Institute of Taxation and Association of Taxation Technicians Joint Presidents’ Lunch at The Signet Library, in Edinburgh. The text of his talk is below, and you can download it here.
The Scottish Government says that income tax policy changes since 2016/17 have been ‘highly redistributive’ and have ‘protected low income earners’. But how much of this affect can be attributed to the Scottish Government’s rates and band changes, and how much to the UK Government’s Personal Allowance changes? And how …
On Thursday, Mr Mackay will present his fourth budget – the penultimate budget before next year’s elections. The budget will be delivered against the backdrop of the UK’s recent departure from the EU, significant frictions between both governments on issues ranging from constitutional change to budget timing, devolution of major …
Frantisek Brocek and David Eiser Should local authorities’ revenue sources include a locally set income tax? Or, alternatively, a proportion of the income tax revenues that are raised from its own residents? This question has been pondered repeatedly – although with varying degrees of seriousness – over the past 15 …