Spain - Tax Implications of Various Crowdfunding Models: A General Overview from a Spanish Perspective
- F. Gramage; J. Beltran
- Derivatives & Financial Instruments, 2014 (Volume 16), No 1
- 16 January 2014
Crowdfunding is a response to the lack of bank financing (especially to entrepreneurs and start-ups) and the decreasing investment in the venture capital market. Although seeking funds from the public is not new, connecting investors and projects through the Internet is very recent. Save for a few exceptions, there is no specific legislation regarding such funding. This article presents an overview of crowdfunding and considers the tax implications with a focus on the Spanish perspective.