What if the Welsh Government raises or cuts taxes? Implications for revenues and behaviour

Presentation given by David Phillips to the Welsh Government's Tax Advisory Group (of which he is a member) setting out how the partial devolution of taxes to Wales impacts the revenue effects of tax cuts and rises - and thus impacts the financial incentives of the Welsh Government. This presentation was given in the context of recent research in Wales suggesting cuts in tax rates could boost Welsh Government revenue, which did not account for the fact that only some revenues are devolved to the Welsh Government.