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Shell: Tax not independence is the key issue

Royal Dutch Shell is not planning for the prospect of Scotland gaining independence, according to the company's finance chief who said any Government that controls the North Sea has to get the tax regime right or risk frightening off investors.

CONFIDENT: Oil giant Shell has made several bumper investments in the UK North Sea in recent months.
CONFIDENT: Oil giant Shell has made several bumper investments in the UK North Sea in recent months.

Asked what the oil and gas giant is doing to plan for the possibility of Scotland becoming independent, chief financial officer Simon Henry said: "The answer is we are not planning."

Talking after the Anglo-Dutch firm announced a 15% drop in third-quarter profits, Mr Henry said he would not comment on the independence debate from a political perspective.

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