TITLE

Taxation and Venture Capital Backed Entrepreneurship

AUTHOR(S)
Keuschnigg, Christian; Nielsen, Søren
PUB. DATE
August 2004
SOURCE
International Tax & Public Finance;Aug2004, Vol. 11 Issue 4, p369
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
In recent years, venture capital has increasingly become a factor in the financing of new firms. We examine how the value of mature firms determines the incentives of entrepreneurs to start up new firms and of venture capitalists to finance and advise them. We examine how capital gains taxes as well as subsidies to start-up costs of new firms affect venture capital backed entrepreneurship. We also argue that dividend and capital gains taxes on mature firms have important consequences for start-up firms as well.
ACCESSION #
86037027

 

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