Scotland Considering High 50% Tax Rate

Scottish Income tax rate to rise to 50%?

Scotland Income Tax Rise..

SNP Finance Minister Derek Mackay is looking over plans to raise the top rate of income tax to 50 per cent.

This action could drive some of the higher tax payers to move south into England.

The Scottish First Minister has asked the council of economic advisers to consider how and to what extent this risk can be mitigated, and if we are sufficiently assured that it can be, that we consider raising the additional rate from 45p to 50p from 2018-19 onwards as part of budget considerations.

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