A Comparative Analysis of the Impact of Taxation on the SME Economy: The Case of UK and US – New York State in the Year 2000

Panikkos Poutziouris, Francis Chittenden, Tim Watts and Khaled Soufani
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Panikkos Poutziouris: Manchester Science Enterprise Centre, UMIST, Fairbairn Building, PO Box 88, Manchester M60 1QD, England
Francis Chittenden: Manchester Business School, University of Manchester, Booth Street West, Manchester M15 6PB, England
Tim Watts: Aston Business School, Aston University, Birmingham B4 7ET, England
Khaled Soufani: Faculty of Commerce and Administration, Concordia University, 1455 de Maisonneuve Blvd., West, Montreal, Quebec, Canada H3G 1M8

Environment and Planning C, 2003, vol. 21, issue 4, 493-508

Abstract: The purpose of this paper is to report on a comparative study of the impact on the SME economy (fewer than 250 employees) of the UK and US (New York State) tax regimes. This explorative study is part of the ongoing small business taxation research programme undertaken in association with NatWest Bank. The research involves (a) the computation of the tax position of a sample of UK-based small businesses (a self-employed person, a partnership, and a small limited company); (b) the application of the tax regime of New York State to the UK business cases studies; (c) the development of two computer simulation models that estimate the direct tax burden incurred by small businesses in the United Kingdom; and (d) the application of the tax regime of New York State to the UK models. This research forms the basis of a comparative discussion about the business tax regime in the United Kingdom and USA and throws some light on the on-going debate about the development of the tax regimes applicable to small businesses in OECD countries. The paper concludes with a summary of the key findings and policy implications and offers a brief discussion on progress towards tax harmonisation from the small business perspective.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envirc:v:21:y:2003:i:4:p:493-508

DOI: 10.1068/c0338

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