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Director-general Richasd Lambert has in the past spoken of the dangers to the UK of competition among global economies to woo international business with competitive tax rates.
Proponents state that because the FairTax eliminates corporate income taxes and is automatically border adjustable, the competitive tax advantage of foreign producers would be eliminated, immediately boosting U.S. competitiveness overseas and at home.
We should have the most competitive tax regime in Europe.
"There are alternatives with other countries offering competitive tax regimes.
Still, he said, "stable currency markets and a more internationally competitive tax system will be essential".
That must primarily come through wage reductions and more competitive tax systems.
Similar(7)
At the same time, national technology mandates with funds for research and development should be established and federal agencies should offer citizens majoring in engineering and science competitive, tax-free doctoral fellowships.
Lured by enticing offers of competitive, tax-free salaries, free accommodation and a warmer climate, teachers are taking their hard-earned qualifications to the Gulf states, the far east and beyond, where there is growing demand for a "traditional" English education, says Wilshaw.
The gap will partly be closed because introducing more efficient and competitive taxes can strengthen economic growth.
The Chancellor also presented the Conservatives as the party which can "get the fundamentals right" to ensure prosperity - things such as economic stability; safe banks; excellent schools; competitive taxes; boosting science and sound money.
Mr Davies asked: "Is this not a charter for the proliferation of all sorts of competitive taxes across different parts of the United Kingdom?" Plaid Cymru's Jonathan Edwards claimed the secretary of state had "handcuffed" the assembly with a "proposed lockstep".
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