Tax incentives have become an increasingly important policy tool in recent years, with generous tax incentives being
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Question:
Tax incentives have become an increasingly important policy tool in recent years, with generous tax incentives being offered to stimulate business investment, innovation and entrepreneurship.
A recent report by the National Audit Office (NAO) raised concerns about the use of certain UK tax reliefs. The NAO asserted that certain tax reliefs such as tax credits for companies’ research and development costs are not being properly monitored by HMRC and are open to abuse.
Requirement
Discuss the respective merits and demerits of using corporate tax incentives as a means of promoting business growth, investment and entrepreneurship.
Related Book For
New Venture Creation Entrepreneurship for the 21st Century
ISBN: 978-0078029103
9th edition
Authors: Stephen Spinelli, Rob Adams
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