0 used to describe places where you do not have to pay a lot of tax: --
Many executives seek to base themselves in low-tax countries.
That is what brings in investment: not only particular incentives but the fact that we are a low-tax country, with no difficulties about labour costs.
Many individual countries are trying to discourage the growth of these relatively unsafe, low-tax fleets by legislation which forbids the transference of tonnage.
That still means that member states can have a high-tax, high-spend sensible deficit, or a low-tax, low-spend sensible deficit.
That means that people with the highest incomes would move to low-tax authority areas and those with low incomes would move to high-tax areas.
We also believe that investment is improved in a low-tax economy.
Free-market efficiency requires a low-tax system, whereas welfarism pre-empts the nation's resources.
We must have a low-tax regime that does not crowd out the manufacturing sector.
I note what he said about a low-tax economy attracting foreign investment.
