{"id":528,"date":"2017-03-16T20:34:57","date_gmt":"2017-03-16T20:34:57","guid":{"rendered":"http:\/\/slrg.scot\/?p=528"},"modified":"2017-03-16T20:38:57","modified_gmt":"2017-03-16T20:38:57","slug":"how-much-damage-is-caused-in-scotland-by-taxation","status":"publish","type":"post","link":"https:\/\/slrg.scot\/blog\/how-much-damage-is-caused-in-scotland-by-taxation\/","title":{"rendered":"How much damage is caused in Scotland by taxation?"},"content":{"rendered":"<p>Damages caused by current taxes are\u00a0called \u2018deadweight losses\u2019. Nobel economists claim \u00a32 is lost to the economy for each \u00a31 of tax raised in Scotland today. SLRG\u00a0uses\u00a0a\u00a0conservative estimate of \u00a31 of deadweight losses per \u00a31 of tax raised from sources such as Income Taxes and VAT.<\/p>\n<p>Scots need\u00a0to know the level of deadweight losses their government chooses to inflict.<\/p>\n<h3><strong>SLRG Demand<\/strong><\/h3>\n<p><span style=\"color: #003366;\"><strong>Parliament will command an assessment of the deadweight losses inflicted on Scotland by Acts of Parliament at both Westminster and Holyrood.<\/strong><\/span><\/p>\n<p>Without this information, the performance of Parliament cannot be objectively assessed, and elected representatives cannot be held accountable. Parliament must enact legislation which orders that, on an annual basis \u2013 when the Budget is submitted to the Scottish Parliament for scrutiny \u2013 the Cabinet Secretary for Finance will publish revised statistics on the increase or decrease in the deadweight losses arising from proposed changes to tax rates.<\/p>\n<p>Armed with this\u00a0information, full evaluation of the AGR fiscal instrument and how it compares with alternative strategies can be undertaken. At which point Scots may choose to mandate the reconstruction of their public finances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Damages caused by current taxes are\u00a0called \u2018deadweight losses\u2019. Nobel economists claim \u00a32 is lost to the economy for each \u00a31 of tax raised in Scotland today. SLRG\u00a0uses\u00a0a\u00a0conservative estimate of \u00a31 of deadweight losses per \u00a31 of tax raised from sources such as Income Taxes and VAT. Scots need\u00a0to know the level of deadweight losses their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-528","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/posts\/528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/comments?post=528"}],"version-history":[{"count":6,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/posts\/528\/revisions"}],"predecessor-version":[{"id":535,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/posts\/528\/revisions\/535"}],"wp:attachment":[{"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/media?parent=528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/categories?post=528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slrg.scot\/blog\/wp-json\/wp\/v2\/tags?post=528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}