Investments in Innovative Start-ups: The Current Italian Legal Framework
Investments in Innovative Start-ups: The Current Italian Legal Framework

Author(s): Giuseppe Pizzonia, Domenico Antonio Multari
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: ASERS Publishing
Keywords: start-ups; certified incubator; tax incentives; tax credit; fiscal policies; tax incentives
Summary/Abstract: The aim of this chapter is to outline some of the provisions concerning the Italian framework for innovative start-ups. In this regard, it describes the characteristics and legal requirements to qualify as ‘innovative start-ups’, ‘innovative start-ups with a social goal’ and ‘certified incubators’. In addition, attention is paid to the tax incentives for investing in innovative start-up businesses, including those with social aims. Furthermore, an overview is provided of the reasoning of the EU Commission in authorizing such incentives that are found to be state aid compatible with the internal market. In conclusion the paper underlines the difficulties in designing a start-up tax regime that proves to be effective, i.e. capable of promoting investment while at the same time preventing practices aimed at obtaining illegitimate advantages.

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