Tax

As budget looms, we must strive to incentivise the SME sector

While we may disagree with the EU on certain tax measures, we can’t disagree when it says that ‘SMEs are the backbone of Europe’s economy’

There are two main reasons for supporting tax incentives to SMEs: first, there are market failures that affect SMEs, and second, the tax system has a disproportionately negative impact on them. Picture: Getty/iStockphoto