Douglas Connell discusses the Scotland Act 2012 and why Scotland will not be a tax haven

Thursday, June 14, 2012

Joint Senior Partner, Douglas Connell, discusses the recently agreed Scotland Act with thewealthnet.

Douglas says “The recently agreed Scotland Act refers to the “Scottish rate of income tax” and, if and when the act comes into effect, the rate of income tax set by the UK Government for Scottish taxpayers will be reduced by 10 percentage points. This does not mean, however, that independent Scotland will become a tax haven.”

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