The European Commission has launched a public consultation in order to collect factual evidence of the direct tax problems that arise when venture capital is invested across borders.
In this respect the Commission needs not only to collect factual evidence of the problems, but also to find out why the problems arose, the Member States involved, the amount of money involved and the costs to investors, Member States and the EU?s SMEs. Once the Commission has collected this evidence, it will be able to estimate the size of the problem and decide whether there is a need for EU solutions to remedy the problems and what the benefits of any such solutions would be, for Member States and for the VC industry. Finally, the Commission would like to obtain suggestions from the public on feasible solutions to any such problems.
Closing Date: 5th November 2012
Source: http://www.eradar.eu/2012/08/tax-problems-linked-to-cross-border-venture-capital-investment/
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