The leftist-seperatist Scottish National Party government in Edinburgh appears to have fallen afoul of the Laffer Curve, with revenues to the Treasury declining by £22 million after the imposition of a tax hike.
Former member of the Scottish government’s Tax Advisory Group, Dan Neidle, has claimed that the decision by former far-left Scottish leader Humza Yusuf’s administration to impose a 48 per cent tax rate on high earners resulted in government revenue declining during the first year it was introduced in 2024-25.
A report from Neidle’s independent think tank, Tax Policy Associates, found that by levying a 48 per cent tax on earnings over £125,140 ($166,200), the government likely lost...
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