AN extra £3.3billion could be raised to help fund Scotland's public services if a wealth tax was introduced, a fresh study has claimed.
The Scottish Trades Union Congress (STUC) commissioned a report - entitled Scotland Demands Better: Fairer Taxes for a Fairer Future - which lays out how the Scottish Government can raise additional cash through income tax reform, a long-term council tax replacement, and a wealth tax.
The report - written by Howard Reed of Landman Economics - suggests £1.3bn of reforms could be in place by April next year and, together with future wealth, land reform, and property taxes, the Scottish Government could raise £3.3bn by 2026 with its current powers.
