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Displaying 1485 contributions
Finance and Public Administration Committee
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—I accept the definition that you mentioned earlier, about being as flexible as possible—do 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
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
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—I might disagree with you on some of that—and 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.
Finance and Public Administration Committee
Meeting date: 12 September 2023
Liz Smith
I am just not entirely clear whether, by making recommendations on changes to tax, you want to change taxation rates or you want specific structural changes to the overall tax basis. That is a key question, and a question that the Scottish Fiscal Commission is asking, too.
Finance and Public Administration Committee
Meeting date: 12 September 2023
Liz Smith
Do you accept that some of those countries have a better quality of public service delivery than we currently do in Scotland?
Finance and Public Administration Committee
Meeting date: 12 September 2023
Liz Smith
I will pursue that point, in line with the committee’s job of scrutinising the budget. In your answers, you have given an idea of what the potential costs might be. Has the Government done some arithmetic on the benefits that would accrue, in particular from the creation of new jobs, in the five-year period that you spoke about earlier? The hope is that those would be highly paid jobs, so we would get a greater return through tax revenues from income tax and so on. Have you done any analysis of the benefits and the costs?
Finance and Public Administration Committee
Meeting date: 12 September 2023
Liz Smith
So, are applications most likely to be successful if you see benefits to the Scottish economy overall, with regard to the revenue that they will bring in?
Finance and Public Administration Committee
Meeting date: 12 September 2023
Liz Smith
Thank you.
Finance and Public Administration Committee
Meeting date: 12 September 2023
Liz Smith
Can I ask for a little detail on that? When ports make their application, is that a key part of what their application must contain?
Finance and Public Administration Committee
Meeting date: 12 September 2023
Liz Smith
Can you give us some detail on what else is in an application?