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

Ali Celikkaya ()
Additional contact information
Ali Celikkaya: Eskisehir Osmangazi University

Anadolu University Journal of Social Sciences, 2007, vol. 7, issue 1, 241-260

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.

Keywords: Venture Capital; Venture Capital Investment Trust; Dividend; Tax Incidence. (search for similar items in EconPapers)
JEL-codes: G24 K34 (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.anadolu.edu.tr/arastirma/hakemli_dergil ... 007-1/sos_bil_13.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:and:journl:v:7:y:2007:i:1:p:241-260

Access Statistics for this article

Anadolu University Journal of Social Sciences is currently edited by Ramazan Geylan

More articles in Anadolu University Journal of Social Sciences from Anadolu University Contact information at EDIRC.
Bibliographic data for series maintained by Social Sciences Institute ( this e-mail address is bad, please contact ).