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Specification:
Click to read the article below and then answer the questions:
Scotland top-rate tax rises widen gap with rest of UK
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Distinguish between a i) progressive; ii) regressive; and ii) proportional tax system
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‘Prior to the budget, economists . . . estimated that reducing the top rate threshold could raise just £40mn in extra revenue.’ With reference to the income effect and the substitution effect, analyse the potential pros and cons of such a policy
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Evaluate whether higher rates of taxation will make Scotland a less appealing place to invest
Gavin Clarke, Emmanuel College