Tax Policy and SMEs Implications for Competitiveness and Inclusive Growth in Egypt
Small and medium enterprises (SMEs) play a very important role in the development of the Egyptian economy. SMEs dominate Egypt’s private sector, accounting for approximately 98% of non-agricultural economic units and 81% of the labour force outside the public sector (Rashid & Sieverding, 2013 ). Given their size, they are the only engine of growth that can contribute significantly to raising industry’s share of employment in GDP (Target 9.2 of the Sustainable Development Goals-SDGs), and to serving as a source of employment generation, especially for young people, thus “promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all” (Target 8 of the SDGs on Decent Work).
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