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Taxation of SMEs in OECD and G20 Countries
Fostering the development of small and medium-sized enterprises (SMEs) is rightly a
cross-cutting priority of the Turkish G20 Presidency. SMEs are the economic backbone of
many of our economies and they serve as key engines for job creation. This study, Taxation
of SMEs in OECD and G20 Countries, examines the influence of tax systems on a range of
challenges faced by SMEs, including decisions relating to their creation, form and growth.
SMEs make up the vast majority of business entities and contribute strongly to employment
and economic growth, spanning the full breadth of industries and sectors, and differing in
their propensity to innovate and grow. At the same time, SMEs face particular challenges
in relation to their access to finance. The tax system plays a dual role: at times, as a tool to
assist in overcoming these challenges, and at others, as an obstacle.
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