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

Author

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  • Ali Celikkaya

    () (Eskisehir Osmangazi University)

Abstract

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
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    File URL: http://www.anadolu.edu.tr/arastirma/hakemli_dergiler/sosyal_bilimler/pdf/2007-1/sos_bil_13.pdf
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    More about this item

    Keywords

    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

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