We make use of four sources of variation in transaction tax rates present in recent Scottish tax systems: (1) jumps in tax liabilities at tax thresholds; (2) jumps in marginal tax rates at thresholds; (3) a tax announcement that created temporary tax saving opportunities; and (4) a shift...
Aberdeen, which has witnessed falling rental rates over the years, exhibits high persistence at 0.74. At the other extreme, Glasgow has negative persistence, which implies that shocks to expected rent growth disappear in an oscillatory fashion. Edinburgh is also characterised by a low persistence of...
Greece recorded a primary budget surplus of 0.1% in 2022. This surplus widened in 2023—from €3.7 billion to €6.3 billion. Despite rising interest rates, the turnaround in the government accounts
The article discusses that full independence of Scotland will benefit the hospitality and tourism sector in the country by offering its own income tax rates. . It is mentioned that the Scottish National Party (SNP) has proposed a referendum for full independence for 2014. Chic Brodie, a member...