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RE: Zero Tax on Small Businesses to Boost the Economy - A Crazy Idea?
Very true. I am curious to see if it would actually help in practice or just have a negligible effect if somehow it could be done. There seems to be a perception that taxes are a big problem for small businesses in particular.
My sister is an economist. She looks at local and British data a lot. She tells me that only 3 out of 100 small business make it after 10 years. Capital is the no.1 problem for these guys. The second one is competition. Small stores clump up in small areas and they all share the "pool" of customers, leaving them with almost nothing. Add to that the burden of tax and everything comes down quite fast.
Right. You should ask her to join Steemit!
I will