I didn't assume you said Scotland owned any rigs. I told you that Scotland didn't own the rigs and therefore aren't liable for the cost of decommissioning them you utter spastic. Again you fail to understand the simplest of posts! WTF Is wrong with you? Scotland will have no liability for the decommissioning of rigs just like the UK has no liability for the decommissioning of rigs now. It is the companies that own the rigs responsibility although Westminster does give them tax breaks for doing it. No doubt some government minister was heavily laid in to arrange that though. Scotland has never been offered full fiscal autonomy. It's never happened. That's pure fantasy from you. You made it up. You're telling lies to suit your fùcked up agenda. There will be a referendum and current polls actually suggest that a vote for independence will succeed so that's more shìte from you. As previously stated, at least you're consistent. "Under the Petroleum Act UK asset owners, operators and their partners carry the cost burden. Currently the UK government offers tax relief for some decommissioning costs. This is an issue with the potential to arouse some controversy. Some may argue that having enjoyed the economic benefits of the oil production, the cost for decommissioning and restoring the marine environment should be covered in full by the operators" There ye go. The actual truth of the matter. Get back In your box Spazmo.
"I guess it could be elaborated further, and look at the fact that Scotland don't 'own' the oil, but just the tax revenue from it coming ashore, but they also have a liability for the decommissioning costs for the oil rigs that need to be accounted for along with the decline in oil profits" I have shown you that Scotland has no liability in the decommissioning of oil rigs. I have shown you that there is no decline in oil profits. In fact the revenue from North Sea oil has reached record heights over the last 2 years. So tell me again, who is it that has gaping holes in their knowledge and understanding! You're just posting infantile shìte based on nothing but your own wishful thinking you absolute fùckwit.
You really don't have a clue about the single trick you keep burbling about do you. Nicola Sturgeon backs down on full fiscal autonomy First Minister said she wants to keep the Barnett formula which provides 20 per cent more funding for Scots than England and Wales in reaction to a Ukip manifesto pledge to scrap it, while pushing back the proposed introduction of full fiscal autonomy. https://www.scotsman.com/news/politics/nicola-sturgeon-backs-down-full-fiscal-autonomy-1507391 DECOMMISSIONING TAX RELIEF A major concern for companies operating in the North Sea oil and gas sector will be to ensure that nothing jeopardises tax reliefs associated with future decommissioning costs. The legislation governing decommissioning costs allows participators in an oil and gas field liable to decommissioning expenditure to seek tax relief for such expenditure, through a carry back against profits arising to the participants from the field. This usually results in significant repayment of tax to present or past participators. Companies are expected to spend between £40bn - £66bn on decommissioning until 2065. HMRC estimates in its Annual Report and Accounts 2019 to 2020 that, in addition to foregoing revenues due to tax reliefs, it will have to repay at least around £10bn of tax in respect of oil and gas field decommissioning expenditure. If future oil revenues are allocated on a geographical basis, Scotland's share of the cost is estimated to be between 83% and 94%, at a time when North Sea tax revenue is forecast to continue declining. The division of such State liabilities will be just one part of wider independence negotiations in relation to the apportionment of assets and liabilities https://www.herbertsmithfreehills.c...ications-for-the-north-sea-oil-and-gas-sector
And I've just shown you why you're a clueless cretin that's been googling all day and still managed to **** it up.
Are you serious? So you think a UKIP manifesto pledge is Scotland being offered full fiscal autonomy? Really! How many actual members of Parliament have UKIP ever had? Are you fùcking serious? You think Westminster giving oil companies tax relief on decommissioning will be liability for an independent Scottish government. What happens if an independent Scottish government doesn't give those oil companies that tax relief? Tax breaks for multinational companies aren't a liability mate. How do you not know this?
Give it up Aldo, you just show your stupidity and ignorance by trying to claim things are how you'd like them to be, rather than as they actually are.
There was no point refuting the utter garbage that you posted because you do not have two brain cells to rub together. It is not possible to converse with the totally brain dead. And I think I skipped a couple of pages of Brain Dean Bacon Twitter echoing there...
