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Displaying 4779 contributions
Finance and Public Administration Committee
Meeting date: 13 December 2022
Kenneth Gibson
That is why we need an Office for Tax Simplification.
Andy, my final point will probably come under your area. I do not know whether you will have had time to look at it because it was published on 5 December, but in a paper commissioned by the Scottish Trades Union Congress, Landman Economics set out
“a proposed package of tax increases to fund an increase in public sector pay and investment in public services, in Scotland”,
including short and long-term measures, which would raise £3.3 billion. Have you had the opportunity to look at that and consider what its implications might be for service delivery and behavioural change, and so on?
Finance and Public Administration Committee
Meeting date: 13 December 2022
Kenneth Gibson
When do you want to come in?
Finance and Public Administration Committee
Meeting date: 13 December 2022
Kenneth Gibson
To be fair, everyone will be hit by fiscal drag between now and 2028. Andy King, did you want to come in?
Finance and Public Administration Committee
Meeting date: 13 December 2022
Kenneth Gibson
What would that mean in cash terms?
Finance and Public Administration Committee
Meeting date: 13 December 2022
Kenneth Gibson
Paul Johnson of the Institute for Fiscal Studies said that borrowing will take the strain in the near term, with
“the great majority of the planned consolidation … due only after the next election”.
He added,
“what we are really doing is reaping the costs of a long-term failure to grow the economy, the effects of population ageing, and high levels of past borrowing”,
and concluded by saying that
“we are in for a long, hard, unpleasant journey … that has been made more arduous than might have been by a series of economic own goals”.
Do you agree with that?
09:45Finance and Public Administration Committee
Meeting date: 13 December 2022
Kenneth Gibson
That is one of the Government’s arguments for trying to ride out some of the current pay demands and not build them into the system.
Finance and Public Administration Committee
Meeting date: 13 December 2022
Kenneth Gibson
It is indeed.
Finance and Public Administration Committee
Meeting date: 13 December 2022
Kenneth Gibson
What Michelle Thomson has just talked about—fraud, corruption and money laundering—can be called tax evasion, but what about tax avoidance, which is somewhat different? Does the OBR analyse the impact of tax avoidance on the public finances?
Finance and Public Administration Committee
Meeting date: 13 December 2022
Kenneth Gibson
Is that 5 per cent of total tax income or 5 per cent of GDP?
Finance and Public Administration Committee
Meeting date: 13 December 2022
Kenneth Gibson
Yes, and people who are on benefits are likely to be hit by fiscal drag, are they not?