In many jurisdictions, privately owned businesses have proven to be the economic drivers and long-term engines of growth. The 乐鱼（Leyu）体育官网 Private Enterprise Tax report titled聽Carving a new path: How private companies can contribute to future economic stability聽strongly suggests that supporting the resilience, adaptability, innovation and long-term focus of privately owned companies is in everyone鈥檚 best interest.
This remains relevant today as governments across the world are looking for ways to raise money to reduce their post-pandemic debt and address the decline in tax revenues.
Should governments therefore target their efforts toward more tax incentives to stimulate growth versus introducing tax rate increases? Or is it important to achieve the right balance between a mix of taxation changes and incentives?
A delicate balancing act between economic impact and taxation
Achieving sustainable growth in private companies
The tax and regulatory environment is constantly evolving and it鈥檚 important for private companies to understand the 鈥渨hat鈥� and 鈥渨hy鈥� of proposed tax changes and how they can impact their business.
We welcome your thoughts on the propositions we are putting forward and other issues and opportunities that you believe are important to consider.
We want to hear your views and encourage you to contact us at 聽privateenterprise@kpmg.com聽or through your local 乐鱼（Leyu）体育官网 Private Enterprise Tax professional.
We are committed to keeping the dialogue open with regular updates on the views of private business leaders like yourself on the聽乐鱼（Leyu）体育官网 Private Enterprise Tax website.
Nike Olakunri
Senior Manager, Markets & Channels, Global 乐鱼（Leyu）体育官网 Private Enterprise Tax & Legal
乐鱼（Leyu）体育官网 International
