A Committee of Westminster MPs has backed devolution of corporation tax powers to Northern Ireland enhancing the case made by First Minister Alex Salmond for devolution of corporation tax powers to Scotland. The Northern Ireland Affairs Committee report concludes:
““In principle, we support the devolution of the power to vary corporation tax to the Northern Ireland Executive.”
Welcoming the report and calling on Scottish MPs and MSPs to adopt a similar approach SNP MSP Kenny Gibson said:
“The case for devolving corporation tax is clear.
“In Northern Ireland businesses of all shapes and sizes, trade unions and civic society endorse transferring control over corporation tax. They have now been joined by Labour, Conservative and Northern Irish MPs and opposition MSPs should learn from that support.
“In Scotland a cross party committee of MSPs agreed that if corporation tax powers are good for Northern Ireland they should be good for Scotland too.”