how taxation and legislation impact positively
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Taxation
The effect of this, is that taxation increases the cost of production for the company. This in turn is a negative impact to the business or company especially when it is on the rise. Government tax such as VAT largely influence business operation.
Legislation
These are the government policies. Legislation influences the business environment because companies have to adhere to the rules and regulations that are set by the government. The effect can be positive when the laws favor smooth company operations like promotion of fair competition or negative when the policies get more stringent for example when government increases the national minimum wage or when it sets lower standard for the interest rates.
The effect of this, is that taxation increases the cost of production for the company. This in turn is a negative impact to the business or company especially when it is on the rise. Government tax such as VAT largely influence business operation.
Legislation
These are the government policies. Legislation influences the business environment because companies have to adhere to the rules and regulations that are set by the government. The effect can be positive when the laws favor smooth company operations like promotion of fair competition or negative when the policies get more stringent for example when government increases the national minimum wage or when it sets lower standard for the interest rates.
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