I'm not an economist either but what I would wonder is where would the tax come from that is lost on these small businesses. We are getting taxed at every corner in the UK and the union is still in a mess. When we first started our business almost 5 years ago the Scottish government helped us with various grants for rent, staff and on top of that the business rates under a certain threshold were null. This helped immensely and now that we are up and running, we can afford to pay our rent and rates. Dont get me wrong though, the rates do still need lookes at because it's a stupid amount of money we pay each month. Personally I think it should be based on your profit and not the rateable value of your premises. I don't know how the rest of the UK deals with the business rates issue right away but in Scotland we are protected.
Just my input of course.
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I think you are falling into the trap of assuming that greater taxation leads to greater revenues. That is not always true.
I agree with that but thats not what i meant to put across. There will be problems not taxing new businesses but if they get help for their business such as grants and help with business rates then that way it ensures that people dont open and close businesses after the 5 years.
What problems.
I think there are simpler ways of ensuring that.
I don't know why my reply didn't show up there but I'll write again.
Problems such as the NHS which is funded by taxpayers and its already under immense strain.
Simpler ways such as what though? One way which may be possible would be similar to expelling directors from being director in a new company where they were proven to be fraudulent or whatever. There must be a record kept but thats the only way that springs to mind.
It happens sometimes.
The NHS has always had problems with funding and it always will. There is no solution to that problem.
That could be one way.
I meant to say by the way this was an excellent post. Got the brain juices flowing. Good talk man!
Thanks for getting involved! I have these crazy ideas sometimes but I am not sure if I know enough to even know why they are wrong. That's why it is great to have the discussion!