An extensive body of research defines various levels of entrepreneurship and considers emerging trends. This study uses data from Global Entrepreneurship Monitor (GEM) in developing a model that measures the impact of taxes and bureaucracy on entrepreneurship. The analysis considers effects by type of firm -nascent and established -and type of economy -emerging and mature. The aim of the manuscript is to test directional impact of tax policies on entrepreneurial activity. The model utilizes

more »

... ter and dichotomous variables to measure effects before, during, and after the 2008-2009 Financial Crisis. Tax policies adversely impact both nascent and established firms within an emerging economy but have a positive correlation with nascent firms in a mature economy. The fact that nascent firm development increases after the Financial Crisis suggests that tax policies may offer a foundation of support for those firms that otherwise may be burdensome.