Should Scotland be an independent country?

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Brun in reply to @deleted

The 'billions' being removed from the Scottish economy: clear misunderstanding of how corporation tax works. Moving a registered office to London does nothing for the tax liability of the company for the economic activity taking place inside Scotland. i.e fuck all difference. It's like saying NatWest opening a call center in India means the UK loses out on the fucking profit. The RBS has itself rubbished any notion of moving business out of Scotland, LLoyds is already based in London, plus ca change.

I thought the likes of Google and Amazon basing their European operations in Ireland was because the location actually makes fucking lots of difference to their tax liabilities?

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gbj_tester in reply to @Brun

Google and Amazon basing their European operations in Ireland was because the location actually makes fucking lots of difference to their tax liabilities?

Yes, specifically corporation tax, which is lower in Ireland than it is in many other European countries, but there is also a problem with the US corporation tax which has a big effect on the choices of tax jurisdiction for nominally 'American' companies.

HQ relocation for banks from Scotland to England after independence isn't a tax matter, it's one of having the HQ under the regulatory control of the population which forms the majority of the bank's customer base.

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