We must learn from one of recent Europe's greatest economic success stories: Ireland. Their low corporate tax rate transformed their economy by attracting giants like Apple and Google, creating thousands of jobs, and driving huge GDP growth.

It's time for the UK to make a similarly decisive move. A new, highly competitive "Global HQ" status should be created for companies managing their international business from Britain. This would win investment and jobs from all over the world. This powerful global offer must come with a non-negotiable rule: it applies only to international business. Profits from UK sales must be rigorously taxed here, with new laws and a whistle-blower campaign to stop profit-shifting by online giants.

Introduce a new company type for overseas-owned entities that trade or invest exclusively outside the UK. These companies typically register in places like the Isle of Man and the Channel Islands.

Conduct a special review of companies trading online in the UK to ensure all UK VAT and Corporation Tax is paid.

Enforce the rule that profits earned in the UK are taxed in the UK. We will no longer allow the removal of profits through unjustified intellectual property (IP) and brand fees or head office fees. This practice, often used by large corporations to skim profits, will be stopped. This includes companies that channel their UK business through setups in countries like Ireland.