On 5 September 2015, the OECD published a report - Taxation of SMEs in OECD and G20 Countries. The following is a summary of the report as provided by the OECD.
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Small and medium sized enterprises (SMEs) are important for their contribution to employment, innovation, economic growth and diversity. This report examines the tax treatment of SMEs, the case for SME preferences, and the use of tax preferences and simplification measures for SMEs in thirty-nine OECD and G20 countries. It find…