ALEX Salmond's vision of an independent Scotland attracting global investors with ultra-low corporation tax has been dismissed as "a fantasy" by one of his former economic advisers.
ALEX Salmond's vision of an independent Scotland attracting global investors with ultra-low corporation tax has been dismissed as \"a fantasy\" by one of his former economic advisers.
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exclusive By Tom Gordon Scottish Political Editor
Professor John Kay, who served on the First Minister's Council of Economic Advisers during the last Parliament, said the idea was a "non-starter" because the rest of the EU would block it.
Salmond and his Finance Secretary John Swinney called last year for corporation tax to be controlled from Edinburgh, citing the example of Ireland's 12.5% rate, which has created jobs by helping attract international firms like Google.
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