Lecca, Patrizio; McGregor, Peter G.; Swales, J. Kim; … - Economics Department, University of Strathclyde - 2010
The Scottish Parliament has the authority to make a balanced-budget expansion or contraction in public expenditure, funded by corresponding local changes in the basic rate of income tax of up to 3p in the pound. This fiscal adjustment is known as the Scottish Variable Rate of income tax, though...
