I've written about entrepeneurship and taxes previously. There is some pertinent new research in this area.
Growth
Dylan Matthews over at Wonkblog has a nice summary of a new NBER working paper about taxes, entrepreneurship, and growth--marginal personal income tax rates and corporate tax rates are only found to be significant deterrents to growth when they are exceedingly high (once they get too high, high-ability entrepreneurs exit their paths to entrepreneurship).
Business Friendliness
My colleagues Yasuyuki Motoyama and Kate Maxwell have a new paper out that Kate mentioned yesterday that I think provides a very clear analysis of how small businessses interpret and respond to questions concerning taxes and business friendliness (hint: rate levels don't matter as much as (i) the presence of any tax whatsoever and (ii) the complexity of the tax code).
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It is still unclear to me how exactly tax rates affect incentives for investors who have to decide between young firms and large, established firms.
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