Tax Policy

Part of 1. Questions to the Cabinet Secretary for Finance – in the Senedd at 2:14 pm on 6 December 2017.

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Photo of Mark Reckless Mark Reckless Conservative 2:14, 6 December 2017

The Cabinet Secretary's response to Nick Ramsay's third question earlier, about making the rich pay more, seemed to go rather more to what he may be doing with income tax, when he has powers over that, than land transaction tax. Does he not recognise that large commercial properties are more often than not let to multiple smaller tenants, whether they are retail, industrial or commercial, and that those who are deciding whether to develop a big commercial development will decide whether they want to do that in Cardiff or, instead, in Birmingham, Reading or Bristol? Does he not recognise the risk he is putting to cutting off that development by charging this premium rate of 6 per cent?