There is an increase in income tax raising power of about 2% scheduled for 2015 I think anyway but currently the Barnett formula, I believe, delivers a favourable amount to Scotland.
- We take more from the UK, partly because of dealing with our increased land area eg with regards to railways etc, but
- We also give more to the UK eg oil revenues and net exporter of electricity partly because of our renewables.
However, what I would like to see is more power also with regards to our own natural resources. We should get the revenue from our natural resources such as the oil and from our seas with regards to fishing and from our wind, waves and sun when it comes to electricity.
Lord Kelvin has been tasked with leading a commission into this and it is to be called the Smith Commission - here is news of the members of the commission so far as at 6th October 2014 - http://www.bbc.co.uk/news/uk-scotland-scotland-politics-29479442
I will gather in this particular post any useful references and see if it is possible to come to some decision about what powers we should ask for - I will set a deadline of St Andrews Night which is when the political parties have to come up with this as well.
Also, I would like to see the SNP involved in this - there is no point in Labour, Conservative and Lib Dem excluding all that expertise from the discussions. Come on MSPs - do the Best for Scotland !
References
More powers could mean more pain says Institute of Government Director Peter Riddellhttp://www.thecourier.co.uk/news/scotland/more-powers-more-pain-analyst-1.613278