Entrepreneurs are not known for their negativity, but even those of the most upbeat disposition must be struggling to find a positive angle to the chancellor Alistair Darling's latest wheeze - bringing in a 50% tax rate for those earning more than £150,000 a year. Although taxation is reserved to Westminster, the move is supported in principle by the Scottish government.
Like last year's changes to the capital gains tax rules, the Brown government's move seems to be yet another signal that although it claims to be pro-business, it is systematically dismantling all of its entrepreneur-friendly policies.
This is surely a backward step when it comes to pulling out of a recession, as it is then that the spirit of entrepreneurship comes into its own, with risk-takers leading the way back to a healthier economy.
The tax policies now stifling Scottish entrepreneurs are similar to those the Obama administration proposes to impose to pay for healthcare "reform."










Leave a comment