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 Business tends to flourish where the hand of regulators and government is lightest. Why should entrepreneurs strive to their full potential if they know that the fruits of their labour will be taken from them in high taxes or unnecessary regulation? Perhaps there are lessons to be learned from the meteoric growth of low tax Eastern European countries such as Estonia. Yet, most European governments seem unwilling to address their falling competitiveness and appear disinclined to reduce the national wealth paid to armies of bureaucrats and civil servants. USEFUL LINKS |
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Essential ReadingRegulation driving companies away from the public markets
A new report has warned that the burden of regulation on public companies and their directors in Europe has become so great that an increasing number could desert the public markets to operate privately instead.
Lack of regulation may not be the key to success
The idea that low levels of employment regulation and weak trade unions are the resaon for Britain's good record at creating jobs and keeping unemployment down is a myth, new research has suggested.
Burden of Sarbanes-Oxley provokes growing disenchantment
If there is one group of people in the U.S. who certainly aren't complaining about the effects of Sarbanes-Oxley, it is the big accountancy firms. But as audit fees continue to increase, smaller companies are being disproportionately impacted.
Wall Street staff more likely to dodge regulatory controls
While employees on Wall Street are more aware of compliance breaches and electronic monitoring of their communication than their colleagues in the City of London, they are also more likely to try to circumvent the controls.
U.S. firms even more concerned about tax and regulation than those in the UK
In a challenge to the accepted wisdom that the U.S. is the best place in the world in which to run a business, a new report has found that companies in the U.S. find running a business just as challenging - if not even more so - than those in the UK.
Time for a red tape revolution
The government's own advisors have called for the introduction of a "one in, one out" approach to new regulations to cut the £30bn cost of red tape to the British economy.
EU admits that regulation stifles job-creation
The European Commission has admitted that Europe is missing out on the creation of 1.5 million new jobs because micro-businesses are being held back by excessive employment regulation and red tape.
Red tape crushing entrepreneurial spirit
Four out of 10 of Britain's company bosses say they would be unlikely to set up in business if the opportunity arose again, with red tape and tax their two biggest problems.
Red tape keeps small firms small
More evidence has emerged of the effect of red tape and taxation on small business as a new survey find that more than third of small firms in the UK want to stay small and not recruit any more employees.
Latest on Regulation & Red TapeBribery rife despite anti-corruption effortsAlmost a quarter of senior executives admit that their organisation had been approached to pay a bribe in order to retain or win business in the last two years.
Avenues for employee complaints seem to be closedA prime reason for employee unhappiness is that companies do not adhere to a set of standards. Some are too forgiving of employee misconduct, while others are managed by people who themselves overstep boundaries and could care less about rules.
Noticing the differencesIf you don't want to be forced to spend months at your desk once you've handed in your notice, move to Mexico. But if it is security you're after, head to Slovakia.
Legislation making women less employableLegislation introduced earlier this year in the UK to boost maternity rights for women has only resulted in women becoming less employable – particularly as far as small and medium-sized employers are concerned.
Employers plan to curb smoking breaksAs England's new ban on smoking in enclosed public places takes effect, lawyers claim that employers are planning to use the new ban to crack down on staff taking cigarette breaks.
Third of bloggers risk dismissalMore than a third of bloggers risk falling foul of their employer because they have posted sensitive or damaging information about their employer, workplace or colleagues.
Watching the clockSome of Sue's employees don't clock in or out whenever they want to take long lunches or leave early. When asked they cannot remember when they came in or left. How can she get a grip on this situation?
Watching the clockSome of Sue's employees don't clock in or out whenever they want to take long lunches or leave early. When asked they cannot remember when they came in or left. How can she get a grip on this situation?
Watching the clockSome of Sue's employees don't clock in or out whenever they want to take long lunches or leave early. When asked they cannot remember when they came in or left. How can she get a grip on this situation?
Watching the clockSome of Sue's employees don't clock in or out whenever they want to take long lunches or leave early. When asked they cannot remember when they came in or left. How can she get a grip on this situation?
UK government hampering enterpriseAlmost two-thirds of entrepreneurs in Britain believe that regulation and a poorly-educated workforce make it much harder to start and build a business today than it was when the Labour government came to power 10 years ago.
Employment legislation taxes bossesSeven out of 10 UK entrepreneurs feel that the raft of new employment legislation over the past few years has shifted the balance of power in the workplace too far in favour of the employee.
US employers brace for flood of age-related lawsuitsAmerica's rapidly-ageing workforce is going to lead to a dramatic increase in expensive age-related law suits, employment lawyers have warned.
Minister calls for universal flexible workingAll 29 million workers in Britain – not just those with children and caring responsibilities - should have the right to request that they work flexibly according to the Minister for Children.
Counterproductive regulations have increased the cost of conflictThe British government's attempts to formalise dispute resolution in the workplace have only succeeded in making managing conflict more complex and adversarial, a critical new report has claimed.
Anti-fraud hotline helps UK companiesWith fraud costing the British economy nearly £1 billion a year and insider fraud up 200 per cent since 2003, a confidential new whistleblowing hotline service has been launched to help UK companies tackle the problem.
I'm paying for the Christmas party and I'll cry if I want toFor most managers Christmas is a time of worrying what all the corporate entertaining is costing and whether they will be on the receiving end of a lawsuit come the New Year.
Strong management the key to curbing bribes and corruptionLeadership and strong management are the keys to cracking down on corruption in corporate life - especially the temptation to "grease palms" when operating in emerging economies.
Rights for parents give employers a headacheMany employers in Britain are worried that new legal rights for working mothers and fathers are set to cause significant difficulties and add to the growing administrative burden of employment legislation.
Ageism legislation fails to change attitudesNew legislation recently introduced in Britain to outlaw age discrimination may have encourage employers to change their policies, but it has done little to change mindsets or alter attitudes towards either older or younger workers.
The real cost of cooking the booksThe financial penalties imposed by the courts on public companies that falsify accounting records are miniscule compared with the costs associated with the loss of reputation incurred after news spreads about their misdeeds
If I had to fire Donald TrumpEmployees not working. Employees being disruptive. Employees stealing. Have you ever have to fire someone? Make no mistake, terminating an employee is one of the most difficult tasks required of any manager.
Entrepreneurs give politicians the thumbs-downBritain's political parties may like to paint themselves as business-friendly, but they are all failing to win the hearts and minds of the country's wealth-creating entrepreneurs.
Britain at a regulatory tipping pointBritain's sense of adventure, enterprise and competitive edge is being fatally undermined by a growing army of bureaucrats and politicians terrified of risk and determined to regulate for every eventuality.
Age laws could spell the end of workplace health insuranceIn their haste to stamp out anything that might hint at age discrimination in Britain's workplaces, politicians could well have sounded the death-knell for employer-funded private health insurance.
Britons in the dark on age legislationDespite extensive publicity and dire predictions that a tidal wave of age-relegated litigation is about to break over the country's employers, half of Britons are still unaware that age discrimination will become illegal on the 1 October.
France moves to curb share option excessFrance has launched a crack-down on the exercising of employee share options in the wake of a series of high profile scandals over executive pay and questionable share deals.
UK businesses breaking law over shift breaksBritish workers will no longer be able to work more than six hours without a break, after the government yesterday lost a battle over working hours in the European Court of Justice.
UK employers risk becoming lost in fog of anti-smoking lawsNew laws coming into force in England next summer banning smoking in enclosed workplaces could leave employers facing a minefield of legal pitfalls unless they start planning now.
When agreeing to time off can lead to time in courtEmployers in the UK are being warned that giving priority to workers with dependent children over the summer holidays could potentially leave them open to claims of discrimination.
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