WCPP was asked by the Chief Economist and Treasury officials in the Welsh Government, on behalf of the Cabinet Secretary for Finance and Local Government, to undertake a high-level review of the strength of the Welsh tax base.
The review analysed the scale and the sustainability of the tax base supporting the major devolved revenue-raising taxes (including non domestic rates, land transaction tax, income tax, and council tax). It considered the current strengths and weaknesses of the tax base; identify future threats and opportunities; and consider the potential for new revenue raising taxes.