Scottsh tax: 'More progressive than rest of UK' says IFS
The Scottish Government’s devolved tax and benefits system is more progressive than elsewhere in the UK, according to a think tank. The Institute for Fiscal Studies (IFS) said changes to income tax rates mean those earning £50,000 will pay around £1,500 more in income tax this year than if they lived elsewhere in the UK. Tax cuts for those on lower incomes are smaller and amount to at most £21 per year, the IFS said. But the think tank said the Scottish Government’s five-band system for achieving this was unnecessarily complex and a similar effect could be achieved by introduci...
Source: heraldscotland.com