Stop Harmful Tax Competition or ??

The UK is no longer top dog in the business friendly stakes.

Tax advisers are warning multinationals against locating their headquarters in the UK, in a move that could erode its status as Europe's top destination for inward investment. Tax specialists say the UK is losing ground to other European countries, which have reduced their tax rates and created more business-friendly tax regimes.

So much for enterprise Britain. Before for long, Gordon Brown will be joining France and Germany in call to stop tax competition. The alternative of stopping harmful taxes would be too horrible for our pillaging chancellor to bear.