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RE: Zero Tax on Small Businesses to Boost the Economy - A Crazy Idea?

in #economics7 years ago

I think zero tax for new businesses within their first 10 years of being in business is a great idea. I absolutely agree that keeping more money in the business allows them to innovate, create new jobs and grow their business. This in turn affects their success as well as overall economic spending. I'm no economist either, but the underlying principle here I feel is pretty solid!

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Thanks that is what I was thinking too. I would love to hear from an economist or someone who has a grounding in UK tax codes as I may be mistaken here.