Large family businesses significantly increased their contribution to the UK economy in 2016 generating 21% more in taxes in 2016 than the previous year, new research says.
Large family enterprises, classified as those with more than 250 employees, paid almost £33 billion ($46 billion) in taxes, a significant proportion of the £149 billion contributed by all family businesses to the UK exchequer—more than the annual UK’s National Health Service budget.