Small Business, Innovation, and Tax Policy: a Review
نویسندگان
چکیده
Small businesses occupy a signifi cant role in policy debates. This paper reviews evidence relating to tax policy, small businesses, innovation, and entrepreneurship. We provide background information on the small business sector and alternative business defi nitions. We examine evidence suggesting that job growth and innovation tends to occur in young fi rms, which typically start off small, rather than in small fi rms per se. We review how a wide variety of tax policies infl uence entrepreneurial activity. The key issue for policy makers going forward appears to be targeting incentives on young fi rms as opposed to small fi rms.
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