|
|
||
| |
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
EU clears British venture capital tax breaks
BRUSSELS Britain won European Union approval Wednesday to give tax breaks aiming at increasing venture capital investment in small businesses.
Britain initially launched the three programs without seeking EU clearance necessary for all EU governments planning to give large subsidies to companies.
The European Commission said it had demanded and won changes to the plans so they would avoid triggering competition problems where a tax break to one company gives it an unfair advantage over others. It did not give details of the changes.
Britain plans to give up to 250 million pounds ($365 million) in tax relief to individual or corporate investors that buy minority stakes in small businesses qualifying for the programs. There is a cap of 2 million pounds ($2.9 million) in investor tax relief for each small business raising money.
The enterprise investment scheme, or EIS, will give tax breaks to private individuals. The venture capital trusts program, or VCTs, will give tax incentives to individuals investing through fund managers and the corporate venturing scheme, or CVS covers corporate investors.
NEWS: