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

Part of the debate – in the Senedd at 5:35 pm on 9 May 2018.

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Photo of Andrew RT Davies Andrew RT Davies Conservative 5:35, 9 May 2018

I am grateful, Mike, that you've taken the intervention, and you've thrown several figures out there. But, you have to have a market to create those figures, and if you put punitive measures in place as a Government, you kill the market, so you kill the value, so you lose the tax revenue. Don't you recognise that? People don't have to come to Wales to invest. They've got other opportunities if other environments are more favourable to those investments, as the Scottish model shows.