6. Welsh Conservatives Debate: Land transaction tax on commercial land

Part of the debate – in the Senedd at 5:19 pm on 9 May 2018.

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Photo of Andrew RT Davies Andrew RT Davies Conservative 5:19, 9 May 2018

Well, what I would say is: the evidence that's emerging from the Scottish situation shows that the lower the rate of tax—and I believe this, as a Conservative, anyway: that a low-rate tax economy actually generates more revenue overall because you stimulate individuals to go out, work hard and generate more wealth. [Interruption.] I’ll take another intervention if you can point to a high-tax economy that contradicts that argument.