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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 20 August 2025
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Displaying 1222 contributions

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Finance and Public Administration Committee

Sustainability of Scotland鈥檚 Finances

Meeting date: 19 September 2023

Liz Smith

What do you think the strategic tax objectives should be if we are to create more economic growth?

Finance and Public Administration Committee

Sustainability of Scotland鈥檚 Finances

Meeting date: 19 September 2023

Liz Smith

Professor Bell, do you have any thoughts on the global and UK tax structures that would have an impact on what we do in Scotland?

Finance and Public Administration Committee

Sustainability of Scotland鈥檚 Finances

Meeting date: 19 September 2023

Liz Smith

Mr Sousa, do you have any views on how we have a strategic objective that will allow us to create more economic growth, not necessarily related to tax? What do we have to do to get more economic growth?

Finance and Public Administration Committee

Sustainability of Scotland鈥檚 Finances

Meeting date: 19 September 2023

Liz Smith

Thank you.

Finance and Public Administration Committee

Sustainability of Scotland鈥檚 Finances

Meeting date: 19 September 2023

Liz Smith

I want to ask about UK tax and global tax debates. In the first instance, there is a huge issue about the UK tax structure being far too complex, having far too many loopholes and not delivering the revenue that it should. People are avoiding tax too much, and there is a big debate about inheritance tax. On the global scene, there are lots of debates about whether we should move towards environmental taxation to stop some of the big multinationals depositing their money in safe havens. Those are all academic debates that take up lots of column space in The Economist, Financial Times, The Spectator, New Statesman and so on. To what extent does a Government in Scotland have to try to second-guess what will happen with those debates, because, technically, they could mean important changes in the future?

Finance and Public Administration Committee

Sustainability of Scotland鈥檚 Finances

Meeting date: 19 September 2023

Liz Smith

I am interested in this because, although I hear what you say about the fact that we should do a lot better with what we already have, I feel that, in the context of our being part of the UK and of the global community, we have to be careful that our strategic objectives are in line with what is coming down the line on UK and global taxation. If we go off at a tangent and suddenly find that something slightly conflicts with that, we will have a problem. I know that it is a very complex area, but it is about trying to get a grip on that.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 12 September 2023

Liz Smith

Nonetheless, one of the criteria that would be used to judge whether we are successful is whether, overall, there is a net gain to the Scottish economy over a certain period of time, because that is obviously what is important.

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 12 September 2023

Liz Smith

It is quite an important aspect. As the Scottish Fiscal Commission set out, the challenges are huge. One of the biggest is in ensuring that our labour market is fit for future developments. It is not just a case of ensuring that new investment exists to create new jobs and attract people into them; we will also need the skills and talents of people who have taken themselves out of the workforce, who tend to be in a particular age group. It might be quite helpful, when considering the two areas that are designated, to have a look at that aspect because that incentive might be increasingly valuable to us.

In relation to the relevant skills that go with new green jobs鈥擨 accept the definition that you mentioned earlier, about being as flexible as possible鈥攄o we need to do a lot more to ensure that the skills and training that we are providing fit the new green opportunities in a way that can benefit the labour market?

Finance and Public Administration Committee

Public Service Reform Programme

Meeting date: 12 September 2023

Liz Smith

If that happened, would you also be in favour of the wealth tax that you have suggested in your paper?

Finance and Public Administration Committee

Public Service Reform Programme

Meeting date: 12 September 2023

Liz Smith

The other issue, which you come to later in your tax paper, is business tax. The key issue for the Scottish economy just now is getting the right balance between the tax take or revenue, which you have suggested can be increased in various ways鈥擨 might disagree with you on some of that鈥攁nd behavioural change, a really quite significant example of which the convener has pointed out. It is all about trying to project what would happen in various scenarios and I am keen to know what the STUC would pick out as a priority basis in that respect.