posted on Aug, 5 2014 @ 11:58 AM
originally posted by: ScepticScot
a reply to: KingIcarus
What is at issue is the tax revenues. Is Scotland is independent these will go to Scotland. Any other revenues will go to the license holders same as
at the moment.
This isn't strictly true, apparently. The tax revenue from license holders is the result of the UK as a whole making North Sea oil attractive and
viable to oil companies. All parts of the Union have invested in this and a revenue agreement will have to be reached over it.
Scotland will obviously get the lion's share as the oil is/will be in Scottish territory, but Scotland doesn't own the oil industry outright. The
same can be said for tax revenues for Scottish banks operating in the rest of the UK - Scotland will be entitled to a fair bit of tax generated in the
nu-UK. In any event, the MoD could well object to drilling in that new area for Trident reasons. Scotland would struggle to go ahead anyhow given
they'd be relying on Union forces for defence.
Anyhow, Salmond faces some serious challenges. He's been ducking several key arguments, and he'll be under huge pressure to comment on them in
detail. For instance...
Currency union - completely ruled out by Tories/Labour/Lib Dems. This is impossible without their support.
Automatic EU Membership - seemingly ruled out by the EU with little indication of there being any wriggle room.
MoD continuing to build Navy ships on the Clyde - the UK has never built a combat ship outside of the UK, and giving Scotland preferable contracts
would be a violation of anti-competitive EU rules. I understand Scotland doesn't need to be a EU member for that to be the case either.