City business chiefs at tax plan summit

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BUSINESS leaders from across the Capital were meeting at the Scottish Parliament today to discuss new tax increase 

Around 15 representatives were due to attend a summit at Holyrood ahead of Scottish Government plans to increase tax rates on empty commercial properties.

The conference has been organised by Scottish Conservative Lothians MSP Gavin Brown, who wants those on the frontline to discuss the impact of the plans.

He said: “As it stands, businesses who can’t occupy their property receive a 50 per cent rates relief.

“But the SNP wants to decrease this to only 10 per cent in the mistaken belief it will encourage people to take on such premises.

“In fact, all it will do is hit businesses in Edinburgh hard when they can least afford it, and put off investors from speculative development.

“It could even heighten the chances of some properties being demolished.

“Today’s meeting will help put into context just how 
damaging this will be for businesses in the Capital.”