Thinking about it - as an alternative to business rates, this has advantages - the council owns 20% of any business in Edinburgh, and gets paid through dividends.
Of course, this means that the councils income is now more based on the profits of the businesses in its area - so in bad times the councils income drops rather more, I'd imagine.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
timeasmymeasure
no subject
Date: 2013-03-08 12:28 pm (UTC)Of course, this means that the councils income is now more based on the profits of the businesses in its area - so in bad times the councils income drops rather more, I'd imagine.
I'll have to think about it more!