Italy - Venture Capital Funds and the New Tax Framework in Italy
- A. Magliocco; G. Ricotti
- European Taxation, 2012 (Volume 52), No 2/3
- 6 February 2012
In this article, the authors provide an update on the tax rules applicable to the venture capital industry, focusing on tax incentives adopted as part of the “Summer Manoeuvre 2011”. After analysing the constraints imposed by the State aid provisions, the authors compare, from a quantitative point of view, the previous and the current tax scene and shed light on the new favourable context for investment in venture capital funds.