Tax and other incentives for start-ups in some European countries

1. Tax and other incentives for start-ups in some European countries

Author: Anastasiia Bagaeva
Tax and other
incentives for startups in some
European countries

2.

Thesis: Objectives and Starting-Points
•Obligatory to pay taxes
• Tax and other incentives help to keep cash for development
and research
•Objective of thesis: identify the most convenient and less
comfortable country to open a start-up in Europe from the
point of tax and other incentives.
•The aim of the research: to understand how companies use
tax benefits and state support.
www.savonia-amk.fi

3.

Thesis: Point of View and Essential Concepts
• Theory part: taxation and types of tax, European tax
revenue, business and taxation, tax and other incentives in
some countries of Europe, differences of incentives in
European countries
• Practical part: Interview with start-ups
• Statistical books and states' articles about tax and legal
incentives
www.savonia-amk.fi

4.

Thesis: Methods and Results
Qualitative method of the research – interview with start-ups from
different countries of Europe
Conclusions:
South of Europe: tax and other incentives only for innovative start-ups;
corporate tax is high (26%-31%); bureaucracy and mess
Western Europe: financing projects, but high level of bureaucracy;
corporate tax is (25%-33%)
Scandinavia: Not so much tax incentives for any business, financing
support from state; easy process to open a business; low corporate tax
rate (20%-27%)
Russia: no tax or other incentives for start-ups, high level of
bureaucracy and fraud; low corporate tax rate (20%).
www.savonia-amk.fi

5.

Thesis: Development Ideas
•Scandinavia is the most convinient region for opening a business
•Development of tax and other incentives will create more SME and
innovative business
www.savonia-amk.fi