Part of 1. 1. Questions to the First Minister – in the Senedd at 1:47 pm on 9 May 2017.
He raises an interesting point about corporation tax; there are no proposals to devolve corporation tax. What I do know is that tax havens tend to have very poor public services; in particular, they don’t have health services because they can’t raise the money in order to pay for those public services. So, I don’t believe that the future of Wales lies in being a kind of replica of the British Virgin Islands, or a replica, necessarily, of the Channel Islands. We have a very different model; the Channel Islands don’t have, for example, a health service along the model that we would understand, but getting the balance right between revenue and expenditure on public services to the level that people would expect is, of course, a matter for Governments to balance.