Posted 2/17/2024, 5:00:00 AM
SNP Tax Hikes Spark Fears of Talent Exodus and Economic Decline
- Scotland's top income tax rate and thresholds are much less competitive than rest of UK, especially after latest changes by the SNP government
- High earners like accountants, executives, and chief constables will pay thousands more in Scottish income tax
- Business leaders warn tax changes could strangle economic growth, especially in financial services sector
- Wealthy individuals already making plans to move south of the border to places like Northumberland to avoid higher taxes
- Anger building in industries like North Sea oil and gas over layered tax burdens harming competitiveness