The SNP's Treasury spokesman Stewart Hosie has called on the UK government to devolve powers over corporation tax to Holyrood.
As MPs debated the remaining stages of the Scotland Bill on 21 June 2011, Mr Hosie argued that the move would enable the Scottish government to promote economic growth and boost job creation.
"The case for devolving corporation tax is clear," he said.
"Over the past 30 years, Scotland's economy has grown more slowly relative to both the UK and the average of smaller EU countries than it ought to have done.
"We believe for Scotland to fulfil its economic potential then additional levers are required and corporation tax is, I believe, that key mechanism."
Under the legislation, Scottish ministers will be allowed to set income tax, but ministers in Whitehall will continue to set the level of corporation tax in Scotland.
Treasury minister David Gauke said this would prevent companies relocating north of the border to reduce their tax burden.
Mr Gauke told MPs: "As members will recall, the Scotland Bill seeks to increase accountability of the Scottish Parliament to its people by devolving fiscal powers from Whitehall to Holyrood and deducting a corresponding amount from Scotland's block grant."
The minister added: "Given the geographic proximity of England and Scotland, the integrated infrastructure, the large number of large GB-owned groups with a substantive presence either side of the border and the relatively large and complex nature of the Scottish economy, there is likely to be greater opportunity for groups to shifts profits there than may be the case for Northern Ireland."
At the end of the debate, MPs approved the legislation at third reading without a vote.