SNP have lost argument on retail supertax

The SNP have claimed that retailers subject to the new SNP supertax would be able to pay the extra tax bill from just a couple of hours trading.

Shadow Minister for Enterprise, Gavin Brown MSP said:

"The SNP's claim that shops could pay for this supertax in just a few hours trading is fanciful nonsense. It just shows they have lost the argument.

"Is the SNP really saying that each of the shops hit by their supertax bombshell can make hundreds of thousands of pounds profit in just a couple of hours trading? In Glasgow alone three quarters of the premises hit aren't even supermarkets, but are all vital parts of the community, generating jobs.

"The retail sector in Scotland is a major employer – higher taxes will only make Scotland less competitive than the rest of the UK. The SNP Government is putting investment and Scottish jobs at risk. To add insult to injury, the SNP Government failed to conduct a Business Impact Assessment before publishing the regulations.

"Alex Salmond and the SNP pretend they are a low tax friend of business, but the truth could not be more different. This is Alex Salmond's tax on success and a threat to thousands of Scottish jobs."

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