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Yes tax is a disincentive in as much as it raises cost, but we are no where near the limits any maximial analysis has indicated.
Also, given that losses can be offset, and structures like limited liability, mean that the financial risk to starting businesses are so small as to be almost non-existent. Literally £1.
So yes, there are limits which tax does cause meaningful disencentives, but we aren’t close to those.
Yes tax is a disincentive in as much as it raises cost, but we are no where near the limits any maximial analysis has indicated.
Also, given that losses can be offset, and structures like limited liability, mean that the financial risk to starting businesses are so small as to be almost non-existent. Literally £1.
So yes, there are limits which tax does cause meaningful disencentives, but we aren’t close to those.