Modelling the Impact of Taxation on the Small-Business Economy: The Natwest/MBS Tax Index for the Self-Employed, Sole-Traders, and Partnerships
- 1 October 1999
- journal article
- research article
- Published by SAGE Publications in Environment and Planning C: Government and Policy
- Vol. 17 (5) , 577-592
- https://doi.org/10.1068/c170577
Abstract
The authors describe the development of a model for the evaluation of the tax affairs of UK small unincorporated firms (with fewer than 20 employees). After a brief review of the literature relating to small-business taxation, the main parameters of the NatWest/Manchester Business School tax model for unincorporated businesses are established, Subsequently the model is employed to evaluate small-business taxation from two angles. First, the authors offer a post-1999 budget analysis of the impact of taxation on small-business owners and their employees. Second, the authors discuss a set of proposals which have the potential to improve the neutrality of the tax system towards small-business owners' decisions.Keywords
This publication has 11 references indexed in Scilit:
- Taxation and Small Firms: Creating Incentives for the Reinvestment of ProfitsEnvironment and Planning C: Government and Policy, 1999
- Evidence on the tax and investment affairs of small firmsJournal of Small Business and Enterprise Development, 1999
- A model of capital structure decision making in small firmsJournal of Small Business and Enterprise Development, 1998
- Small firm growth, access to capital markets and financial structure: Review of issues and an empirical investigationSmall Business Economics, 1996
- Dynamic Policies of the FirmPublished by Springer Nature ,1993
- Accounts Receivable Management Policy: Theory and EvidenceThe Journal of Finance, 1992
- Capital Structure of Growing Small Firms: A 12-Country Study on Becoming BankableInternational Small Business Journal: Researching Entrepreneurship, 1987
- Taxation and Small Business in the EEC: So Me Facts and Some IssuesInternational Small Business Journal: Researching Entrepreneurship, 1985
- Optimal capital structure under corporate and personal taxationJournal of Financial Economics, 1980
- Determinants of corporate borrowingJournal of Financial Economics, 1977