Tax, Incentives and Small Business Investment
研究了英国财政投资激励对小企业投资决策的影响，基于60个投资案例的深入分析，发现小企业对税收制度变化尤为敏感。
Eleanor Morgan is a lecturer in Industrial Economics in the School of Management at the University of Bath. During the 1970s, many industrial countries relied on increasingly generous tax allowances to encourage investment in the business sector. There is, however, little recent evidence about the effectiveness of such policies at the micro level, either on investment decisions by small businesses or more generally. This paper examines the impact of fiscal investment incentives in Britain in recent years and, in particular, the effect on investment decisions by small firms. The main findings are drawn from an in-depth analysis of sixty investments, one-quarter by small businesses. Against the background of debate in many countries about the future direction of their tax systems, the British experience provides a useful case study; Britain had more generous allowances on certain types of fixed investment than elsewhere and has recently radically altered the system of taxes and investment allowances. It is shown that small businesses are likely to be particularly sensitive to this change.