Finance Minister Arun Jaitley today said a lower level of taxation that is globally compatible is necessary if the country has to have a broader base of economy. He said gone are the days of the philosophy that high taxation will bring greater revenues and that since 1991 the course of economy has altered itself. "... What you need is a broader base of economy for which you need a lower level of taxation. You need to manufacture products and provide services which are more competitive in character and therefore your taxes have to be globally compatible," Jaitley said while inaugurating the professional training of IRS officers. He said competition is not merely domestic but global and therefore in the last two-and-a-half decades, governments have been guided by these principles. Tracing the behaviour of people in the last 70 years, the Finance Minister said there has been an impression if avoidance could be done of government revenue, there is nothing "improper