Couple the benefits of a consumption tax, the inherent "fair"-ness in it, and the fact that foriegn companies would set up tax havens here and contribute to our tax base... How is this NOT a win-win situation? Other than the IRS would be decimated and a lot of "tax lawyers" would need some retraining?
and the fact that foriegn companies would set up tax havens here and contribute to our tax baseYou need to read the bill. The FairTax is an income tax for foreign entities. Any income a foreign company or individual made in the US would be taxed at the FairTax rate.
"and the fact that foriegn companies would set up tax havens here and contribute to our tax base..."
Although I agree with you that our country would attract a lot of business and manufacturing, I don't think that would add to our tax base. It would add to our economy and eventually the US customer would buy the products, but if the products are not sold here they aren't taxed here.