The European Commission published Friday a report which outlines the double taxation problems that arise when venture capital is invested cross-border, as well as possible solutions.
The report sets out the findings and recommendations of an independent group of EU tax experts, which was set up by the Commission to look at how to remove the main tax barriers to cross-border investment in venture capital. Venture capital is a vital source of growth for small and medium enterprises (SMEs), according to the Commission, "therefore, facilitating venture capital investment within the EU is crucial for good economic growth."
The Commission will now consider how best to follow up on the findings in the Report, , in line with its broader agenda to eliminate double taxation in the EU.
To read the full, original article click on this link: EU Issues Report On Removing Cross-Border Tax Obstacles For Venture Capital | Eurasia Review
Author: Eurasia Review
