Tax competition, a form of regulatory competition, exists when governments are encouraged to lower fiscal burdens to either encourage the inflow of productive resources or discourage the exodus of those resources. Often, this means a governmental strategy of attracting foreign direct investment, foreign indirect investment (financial investment), and high value human resources by minimizing the overall taxation level and/or special tax preferences, creating a comparative advantage.

Some observers suggest that tax competition is generally a central part of a government policy for improving the lot of labour by creating well-paid jobs (often in countries or regions with very limited job prospects). Others suggest that it is beneficial mainly for investors, as workers could have been better paid (both through lower taxation on them, and through higher redistribution of wealth) if it was not for tax competition lowering taxation on corporation.

Many economists also argue that tax competition is beneficial in raising total tax intake due to low corporate tax rates stimulating economic growth.

Godfrey Bloom (born 22 November 1949 in London) is a Member of the European Parliament for Yorkshire and the Humber for the United Kingdom Independence Party (UKIP). He was first elected in 2004, and re-elected in 2009.

Before becoming an MEP, Bloom worked as a financial economist.

Godfrey Bloom is the president of the European Alliance for Freedom, a eurosceptic pan-European political party.

In 2004, Bloom's election to the Yorkshire and the Humber seat was the UKIP's first seat in the region in the European elections.

A few weeks after his appointment to the European Parliament's Committee on Women's Rights and Gender Equality on 20 July 2004, Bloom told an interview in Strasbourg that, "No self-respecting small businessman with a brain in the right place would ever employ a lady of child-bearing age. That isn't politically correct, is it, but it's a fact of life. The more women's rights you have, it's actually a bar to their employment." Around the same time, he was reported^{[by whom?]} as commenting, "I just don't think [women] clean behind the fridge enough" and that "I am here to represent Yorkshire women who always have dinner on the table when you get home."

Mitchell Elias "Mitch" Daniels, Jr. (born April 7, 1949) is the 49th and current Governor of the U.S. state of Indiana. A Republican, he began his first four-year term as governor on January 10, 2005, and was elected to his second term by an 18-point margin, receiving the most votes in Indiana history, on November 4, 2008. Previously, he was the Director of the U.S. Office of Management and Budget under George W. Bush. He was formerly Senior Vice President of Eli Lilly and Company, Indiana's largest corporation, where he was in charge of the corporation's business strategy. He was widely speculated to be a candidate for President of the United States in 2012 before choosing not to run. He is the author of the best selling book "Keeping the Republic: Saving America by Trusting Americans."

Mitchell Elias Daniels, Jr., was born in Monongahela, Pennsylvania, to Dorothy Mae (née Wilkes) and Mitchell Elias Daniels, Sr. His paternal grandparents were Christian immigrants from Syria. Daniels has been honored by the Arab-American Institute with the 2011 Najeeb Halaby Award for Public Service. His mother's ancestry was mostly English (where three of his great-grandparents were born), as well as Scottish. Daniels spent his early childhood years in Pennsylvania, Tennessee, and Georgia.