Taxes in Scotland could rise by £1,000 per person per year if it leaves the UK, the British government has claimed, after the Scottish government published its white paper on independence this week.
But according to one expert, the tax system of an independent Scotland would most likely be similar to the current one run by Westminster.
Danny Alexander, the Liberal Democrat Chief Treasury Secretary, said Treasury analysis suggested millions of taxpayers would pay more if Scotland voted for independence in next year's referendum.
In a letter to first minister of Scotland Alex Salmond, Alexander wrote that the Treasury calculated an 8% increase in the basic...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.