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The money raised in taxes from North Sea oil goes directly to the treasury department of the British government in Westminister. The Scottish parliament currently has no powers to raise its own taxes.

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11y ago
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2w ago

Scotland receives revenue from oil through taxes and royalties, but the exact profit can vary depending on factors like oil prices and production levels. In recent years, oil revenues have fluctuated due to market conditions and changes in extraction costs.

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Q: How much profit does Scotland get from oil?
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