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Scott Walker made the point very well with regard to the application of section 1 to transitional arrangements, in that the key difference is that the process has not been gone through—de facto, he is right. The provision is not retrospective because the process has not happened.
The committee might well want a fact-finding tour of Rio de Janeiro but I am sure that the taxpayers of Scotland would have something to say about that.
What emerges from the committee’s report is the range of details that need to be pinned down at stage 2. That will be a difficult job because of the short time available.
It is appropriate that charges for work that is carried out after a factor has been de-registered or refused entry to the register should not be recoverable.
If the council does not designate it as an investment property but is deliberately not proceeding with disposal because it anticipates that the value of the land will appreciate, the school has de facto become an investment property even if it is not designated as such.
I have some sympathy with corporation tax as an issue, but I am just trying to pin down whether there are tax competition issues that you think could cause problems and which ought to be at the back of our mind when we decide which taxes to devolve.
That work is in progress and you have to report the figure to the Finance Committee, so we are not trying to pin you down to anything, but what is the ballpark figure?