an article by Kevin Muldoon-Smith (Northumbria University, UK published in Local Economy: The Journal of the Local Economy Policy Unit Volume 34 Issue 3 (May 2019)
Abstract
How can Government and the Treasury reconcile two often contradictory aspects of the commercial property tax model in England? On the one hand, commercial property tax is required to be responsive to economic conditions, promoting investment in property and business. On the other hand, local commercial property tax, in part, is required to fund local public services.
This situation reveals a contradiction in government tax policy that has a direct impact upon local, regional and national economic activity.
This Viewpoint article considers the nature of commercial property tax in England, the business rate system, the competing pressures upon the business rate system before considering the main alternative on offer in England, land value tax. Despite the undoubted economic elegance of this instrument, any move towards land value tax should be approached with caution.
Any solution to the current business rates impasse should not be led by a pragmatic focus on tax collection.
Nor should prevalent issues, the high street, the need for digital tax or public finance demands be considered in isolation – they should be tackled together because they are part of the same complex situation.
Showing posts with label business_growth. Show all posts
Showing posts with label business_growth. Show all posts
Tuesday, 11 June 2019
Monday, 7 January 2013
East London leads the way on business base growth in the Capital
via Centre for Cities by Ben Harrison
New figures released by ONS highlight that while the Capital as a whole has displayed remarkable economic resilience since the crash of 2008, the growth of new businesses across the Capital has been uneven in recent years, with East London leading the way on growing their business bases between 2009 and 2011.
While LB Westminster, LB Camden, LB Barnet and the City of London remain home to the largest number of businesses in the Capital, the latest data shows that LB Newham, LB Redbridge and LB Waltham Forest have seen the biggest relative growth to their business base in recent years, with each of these three Boroughs outstripping the national average. In total, seven of the ten Boroughs that have seen their business base increase most in percentage terms between 2009 and 2011 are located in East London.
Continue reading (includes useful map)
New figures released by ONS highlight that while the Capital as a whole has displayed remarkable economic resilience since the crash of 2008, the growth of new businesses across the Capital has been uneven in recent years, with East London leading the way on growing their business bases between 2009 and 2011.
While LB Westminster, LB Camden, LB Barnet and the City of London remain home to the largest number of businesses in the Capital, the latest data shows that LB Newham, LB Redbridge and LB Waltham Forest have seen the biggest relative growth to their business base in recent years, with each of these three Boroughs outstripping the national average. In total, seven of the ten Boroughs that have seen their business base increase most in percentage terms between 2009 and 2011 are located in East London.
Continue reading (includes useful map)
Saturday, 13 August 2011
Entrepreneurship and SME Growth: …
Evidence from Advanced and Laggard Transition Economies
an article by Dr. Iraj Hashi (Staffordshire University) and Dr. Besnik A. Krasniqi, (Staffordshire University Business School) published in International Journal of Entrepreneurial Behaviour & Research (Volume 17 Issue 5 (2011))
Abstract
Purpose
This article examines the impact of firms’ technological capability and other firm and environmental characteristics on the growth of small and medium-sized enterprises (SMEs) in six transition countries at different stages of transition. It compares three advanced Central Eastern European countries (Poland, Hungary and Czech Republic) with three laggard countries in South Eastern Europe (Albania, Macedonia and Serbia and Montenegro).
Design/methodology/approach
A theoretical framework is proposed based on three groups of factors influencing SME growth: innovative and entrepreneurial features of the firm, characteristics of the firm and those related to the institutional/business environment. Subsequently this article uses the Business Environment and Enterprise Performance Survey (BEEPS) conducted by the World Bank/EBRD in 2002 and 2005 to test a number of hypotheses regarding the determinants of SME growth.
Findings
The two groups of countries have similarities and differences: both display similar trends with respect to the growth process; both are affected by entrepreneurship activities positively; but the institutional barriers affecting the two groups are somewhat different. We also find that despite the growing importance of SMEs in all transition economies, they still face many institutional barriers – which have prevented them from making greater contribution.
Research limitations/implications
The key limitations of our empirical investigation are the qualitative nature of survey data and the shortcomings associated with self-declaration of entrepreneurs. It is important to for future research to complement this line of research with panel data.
Originality/value
This cross-country study extends current understanding of the determinants of SME growth in various stages of transition economies based on a unique data set. It also provides some implications for policymakers as well as entrepreneurs/managers for improving the growth of SMEs.
an article by Dr. Iraj Hashi (Staffordshire University) and Dr. Besnik A. Krasniqi, (Staffordshire University Business School) published in International Journal of Entrepreneurial Behaviour & Research (Volume 17 Issue 5 (2011))
Abstract
Purpose
This article examines the impact of firms’ technological capability and other firm and environmental characteristics on the growth of small and medium-sized enterprises (SMEs) in six transition countries at different stages of transition. It compares three advanced Central Eastern European countries (Poland, Hungary and Czech Republic) with three laggard countries in South Eastern Europe (Albania, Macedonia and Serbia and Montenegro).
Design/methodology/approach
A theoretical framework is proposed based on three groups of factors influencing SME growth: innovative and entrepreneurial features of the firm, characteristics of the firm and those related to the institutional/business environment. Subsequently this article uses the Business Environment and Enterprise Performance Survey (BEEPS) conducted by the World Bank/EBRD in 2002 and 2005 to test a number of hypotheses regarding the determinants of SME growth.
Findings
The two groups of countries have similarities and differences: both display similar trends with respect to the growth process; both are affected by entrepreneurship activities positively; but the institutional barriers affecting the two groups are somewhat different. We also find that despite the growing importance of SMEs in all transition economies, they still face many institutional barriers – which have prevented them from making greater contribution.
Research limitations/implications
The key limitations of our empirical investigation are the qualitative nature of survey data and the shortcomings associated with self-declaration of entrepreneurs. It is important to for future research to complement this line of research with panel data.
Originality/value
This cross-country study extends current understanding of the determinants of SME growth in various stages of transition economies based on a unique data set. It also provides some implications for policymakers as well as entrepreneurs/managers for improving the growth of SMEs.
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