Introduce a tax relief on new capital invested in existing or new businesses where such businesses create employment. The tax relief could be linked to the amount of employment businesses generate.
This scheme could replace the existing BES schemes.
With a bit more thought, it could be a very attractive idea to "kick start" the business sector of the economy.
The tax relief would be against all income limited to 100% of the capital invested. It could be further restricted if such capital investments weren't deemed to create any meaningful employment.
Jobs will mean increased demand, improved tax revenues, lower Govt. expenditure on welfare etc etc.
With a bit more thought, it could be a very attractive idea to "kick start" the business sector of the economy.
The tax relief would be against all income limited to 100% of the capital invested. It could be further restricted if such capital investments weren't deemed to create any meaningful employment.
Jobs will mean increased demand, improved tax revenues, lower Govt. expenditure on welfare etc etc.
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