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A Wealthier, Fairer ScotlandThe Political Economy of Constitutional Change$
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Michael Keating

Print publication date: 2017

Print ISBN-13: 9781474416429

Published to Edinburgh Scholarship Online: January 2018

DOI: 10.3366/edinburgh/9781474416429.001.0001

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Taxes and Spending

Taxes and Spending

(p.26) 2 Taxes and Spending
A Wealthier, Fairer Scotland

Patrizio Lecca

Peter G. McGregor

Kim Swales

, Michael Keating
Edinburgh University Press

Scotland will soon have one of the most powerful devolved governments in Europe, measured in terms of the percentage of public spending and tax revenues under its control. This chapter sets out the new fiscal powers of the Scottish Government, and explores the likely impact of using current, and potential future, fiscal levers to stimulate the economy. The likely success of such policies is shown to depend upon: the structure of the Scottish economy; the attitudes of the Scottish people to tax and spending decisions, and on the ability of public spending to enhance the supply side of the economy.

Keywords:   Regional fiscal autonomy, Impact of tax changes, Public capital expenditure

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