Progress Update on the Scottish Constitutional, Legal and Institutional Development Platform › forums › Constitution of the Scottish State › Article XIV › Proposed Amendment S132.43
March 19, 2019 at 2:36 pm #1458
§ 1. Parliament is empowered to raise taxes
and is required to set a balanced budget for the full anticipated term of its administration. On each anniversary the Public Auditor will be required to provide interim accounts and should these indicate a potential deficit the government will be obligated to make a public bond issue for that amount with a one year maturity and make provision for this repayment by an immediate and matching increase in taxation. The government may not issue any other bonds or debt instruments other than as required by the Central Bank in settlement of foreign balance of trade deficit and as limited within its regulation by the Constitutional Monetary Authority.
§ 2. In determining its domestic tax strategies the government shall favour
revenuesderived from consumption and land values rather than impositions upon earnings from employment.
Section E: Taxation
§ 1. Parliament is empowered to raise taxes as required to maintain economic stability, to protect the National Currency of Scotland against inflationary degradation and to discourage behaviours deemed undesirable by the elected Parliament. Such behaviours shall be defined in the CSL.
§ 2. In determining its domestic tax strategies the Government shall favour taxation derived from consumption and land values rather than impositions upon earnings from employment.
To address deficiencies in the Section wrt the purpose of Taxation, remove ambiguity over Taxation/Revenues to provide consistency, and remove wording that encroaches on Policy Decisions which have no place in the Constitution.
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