Graw, Stephen (2018) Crowd-sourced funding - have the taxation consequences been thought through? In: Australian Tax Teachers Association Conference Papers 2018. From: Australasian Tax Teachers Association Conference 2018, 17-19 January 2018, Melbourne, VIC, Australia.

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Abstract

The Corporations Amendment (Crowd-sourced Funding) Act 2017 (Cth) allows 'eligible CSF companies' to access crowd-sourced equity funding ('CSF') provided they meet the threshold eligibility requirements, they pass both the 'assets test' and the 'turnover test', the amount they seek falls within the 'issuer cap', the funds are raised through a CSF intermediary and their 'CSF offer document' and, if it is not included in the 'CSF offer document', their 'CSF offer' meet the requirements of the Act. Uniquely, among measures to assist innovative start-ups to access funding the Act provides no taxation incentives or concessions. The paper examines the likely problems this may pose for the Act achieving its aims.

Item ID:	53230
Item Type:	Conference Item (Non-Refereed Research Paper)
Keywords:	company; or, fund-raising; or, crowd-funding; or, tax incentives; or, tax concessions; or, innovation
Date Deposited:	03 May 2018 01:43
FoR Codes:	18 LAW AND LEGAL STUDIES > 1801 Law > 180125 Taxation Law @ 50% 18 LAW AND LEGAL STUDIES > 1801 Law > 180109 Corporations and Associations Law @ 50%
SEO Codes:	94 LAW, POLITICS AND COMMUNITY SERVICES > 9499 Other Law, Politics and Community Services > 949999 Law, Politics and Community Services not elsewhere classified @ 100%
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