SNP reneges on adopting 50p rate for highest-earning taxpayers

Sturgeon: A Tory on tax?

Sturgeon: A Tory on tax?

According to Owen Jones, “The SNP opposing a 50p rate for top earners – and using the same arguments against it as the Tories – is a huge blow to their credentials”.

That argument would be that top earners would simply avoid paying tax at that rate, whereas they’re quite happy to pay at 45p.

The sheer volume of tax avoidance gives the lie to this, but these are politicians who won’t listen to any argument that disagrees with them.

What do you think? Has the SNP earned its derogatory nickname of ‘Tartan Tories’ by emulating the Conservatives’ tax philosophy?

The SNP is not proposing to increase the additional rate – for those earning £150,000 or more – from its current 45p level.

The party’s plan also includes:

  • Freezing the basic rate of tax for the duration of the next parliament
  • Setting a zero tax rate rate which will ensure that, by 2021/22 no one pays tax on the first £12,750 of their income
  • No planned increases to the basic (20p), higher (40p) or additional rate (45p)
  • The exact level of the higher rate threshold will be set out each year by the Scottish government

[Scottish Labour leader] Kezia Dugdale said: “A year ago, the SNP said they would support a 50p tax rate on people earning more than £150,000 a year – the top one per cent of earners. Even on this change – which would see the most well-off bear more of the burden – the SNP have bottled it.”

Source: SNP will not adopt UK Chancellor’s 40p tax threshold change – BBC News

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3 thoughts on “SNP reneges on adopting 50p rate for highest-earning taxpayers

  1. Dez

    My past experience is that any increase in tax for the elite is quickly filled by fore-lock tugging Human Resources who make sure their top boys are not out of pocket. Strangly many years ago the tax was very high for high earners but when the tax was reduced the Boards still wanted vast increases as has been the greedy case ever since.

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