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How the Government Creates a Business-Friendly Environment - Coggle Diagram
How the Government Creates a Business-Friendly Environment
Government Expenditure
Current
Once off spending and investment
Capital
Regular day to day expenditure
Government agencies
IDA
LEO
Enterprise Ireland
Why does the govt. want to encourage entrepreneurship
Increased govt revenue
Improved balance of payments
Increased employment
Positive spin off effects
Reduced social welfare
Economic growth
Community development
Reduced reliance on FDI
How government tax changes impact Business
Corporate profits
Stimulate demand
Reduction in VAT- Lower prices
Carbon tax- Incentivise environmentally friendly activities
Government Regulations
Consumer law
Employment law
Environmental laws
Data protection law