PART ONE: THE ROLE OF SMALL BUSINESS/Introduction/Changing Viewpoints/Small Firms as Exporters/New Business Formation Unemployment and the Role of Small Business in Economic Growth/Britain in the 1980's Enterprise Reborn? /PART TWO: TAXATION/Tax Reform and Small Firms/An Impossible Dream? A Global Perspective/VAT and Small Business/European Experience and Implications for North America/The Compliance Costs of VAT for Smaller Firms in Britain and Germany/PART THREE: REGULATION/Social Legislation and its Impact on Employment in SMES/Removing Government Burdens on Smaller Enterprises