International - Income Tax Treatment of Crowdfunding at National Level: Exploring the Suitability of the Conventional System and Scope for a New Approach
- F. Casano
- World Tax Journal, 2020 (Volume 12), No 4
- 28 December 2020
This article focuses on the income tax analysis of equity and debt crowdfunding in some of the EU Member States. It critically discusses the opportunity to nationally regulate the income tax legislation of crowdfunding in the same way as traditional financial methods. It also analyses the necessity to adopt tax incentives benefiting crowdfunding investors and lenders, justified by the public interest of economic growth and the provision of financial support for small and medium-sized enterprises and start-ups. From an EU perspective, the opportunity to adopt a harmonized income tax discipline on crowdfunding is identified. In the conclusions, the author shares her final inferences and recommendations.