Incentivising Angels: A Comparative Framework of Tax Incentives for Start-Up Investors

Stephen Barkoczy, Tamara Wilkinson

Research output: Book/ReportBookResearchpeer-review

Abstract

This book examines tax incentives for investors in start-up companies through a critical analysis of Australia's early-stage investors (ESI) program, and a comparison of that program with the United Kingdom's Seed Enterprise Investment Scheme (SEIS) upon which it is loosely modelled. It discusses the importance of innovation and the special role that venture capital plays in supporting start-ups, and explains the policy rationale for introducing the ESI program as well as dissecting its technical requirements in detail. Special attention is devoted to the program's 'early stage' and 'innovation' requirements, which are crucial for determining whether a start-up qualifies for the tax incentives. The book is the first in-depth scholarly legal analysis of the ESI program and the first occasion it has been compared and contrasted with a foreign program. The comparative discussion of the ESI program with the SEIS program enables the authors to make suggestions for reforms to the ESI program so that it can better achieve its policy objectives. The fact that the book includes reform suggestions makes it particularly interesting for policy makers. It is also of broad relevance to legal and finance scholars and students as well as entrepreneurs, angels, venture capitalists and their advisors.
Original languageEnglish
Place of PublicationSingapore Singapore
PublisherSpringer
Number of pages120
Edition1st
ISBN (Electronic)9789811366321
ISBN (Print)9789811366314
DOIs
Publication statusPublished - 2019

Publication series

NameSpringerBriefs in Law
ISSN (Print)2192-855X
ISSN (Electronic)2192-8568

Keywords

  • venture capital
  • equity investment
  • startup company
  • innovation
  • entrepreneurship
  • angel investor
  • tax incentive
  • tax concession
  • tax exemption
  • capital gains
  • early stage investment
  • early stage innovation company
  • law reform
  • early stage innovation company (ESIC)
  • Seed Enterprise Investment Scheme (SEIS)

Cite this

Barkoczy, S., & Wilkinson, T. (2019). Incentivising Angels: A Comparative Framework of Tax Incentives for Start-Up Investors. (1st ed.) (SpringerBriefs in Law). Singapore Singapore: Springer. https://doi.org/10.1007/978-981-13-6632-1
Barkoczy, Stephen ; Wilkinson, Tamara. / Incentivising Angels : A Comparative Framework of Tax Incentives for Start-Up Investors. 1st ed. Singapore Singapore : Springer, 2019. 120 p. (SpringerBriefs in Law).
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Incentivising Angels : A Comparative Framework of Tax Incentives for Start-Up Investors. / Barkoczy, Stephen; Wilkinson, Tamara.

1st ed. Singapore Singapore : Springer, 2019. 120 p. (SpringerBriefs in Law).

Research output: Book/ReportBookResearchpeer-review

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Barkoczy S, Wilkinson T. Incentivising Angels: A Comparative Framework of Tax Incentives for Start-Up Investors. 1st ed. Singapore Singapore: Springer, 2019. 120 p. (SpringerBriefs in Law). https://doi.org/10.1007/978-981-13-6632-1