IDEAS home Printed from
   My bibliography  Save this article

An Evaluation of Tax Advantages forVenture Capital Investment Trusts in EU Adaptation Process


  • Ali Celikkaya

    () (Eskisehir Osmangazi University)


As in the EU countries, venturecapital is encouraged by various ways to provide interest free and long term financing opportunity in Turkey.Recent changes by the law num-bers 5520, 5281 and 5479 in Turkish Tax Laws have once moredrawn attention to incentives for venture capital investment trusts. While the law number 5281 introduced withholding tax for investment trust by adding the temporary article 67 to Income Tax Law, the law number 5479 abolished the practice of investment tax credit. On the other hand the law number 5520 changed the ratio of withholding tax construct by corporate. The goal of this study, in light of the recent changes, is to assess the tax incentives for venture capital investment trusts as tak-ing into account the policies of EU countries.

Suggested Citation

  • Ali Celikkaya, 2007. "An Evaluation of Tax Advantages forVenture Capital Investment Trusts in EU Adaptation Process," Anadolu University Journal of Social Sciences, Anadolu University, vol. 7(1), pages 241-260, December.
  • Handle: RePEc:and:journl:v:7:y:2007:i:1:p:241-260

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Venture Capital; Venture Capital Investment Trust; Dividend; Tax Incidence.;

    JEL classification:

    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:and:journl:v:7:y:2007:i:1:p:241-260. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Social Sciences Institute). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.