Percentage Philanthropy

Nährlich, Stefan

doi:10.37307/j.2366-2913.2013.04.12

Cited by 1 publication

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“…If the designation option is not used, the tax goes to the state. According to Nährlich (2013), 25% of Romanian taxpayers (2011), 40% of Polish taxpayers ( 2008), 46% of Hungarian taxpayers (2007) and 54% of Slovak taxpayers used the assignation system. In Portugal, an allocation scheme has existed since 2001.…”

Section: Tax Assignation Systemsmentioning

confidence: 99%

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Social Enterprises and Tax: Living Apart Together?

Hemels

2022

The International Handbook of Social Enterprise Law

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This chapter examines the complex relationship between social enterprises and taxation. The focus is not on a specific country, although various examples are mentioned. As specific tax measures for social enterprises are a form of tax incentives, the chapter discusses this public finance concept. In addition, an important legal constraint on introducing such incentives for social enterprises in the European Union (EU) is discussed: the prohibition of state aid. From an analysis of the taxation of profits of social enterprises, it turns out that only a few countries have implemented tax incentives to further social enterprise models. Some social enterprises may meet the charity definition and thus benefit from tax incentives for charities. The drawback might be that it may require social enterprises to use next best legal forms. The chapter also discusses the relevant tax aspects for funders of social enterprises. Tax rules can especially be detrimental to the funding of high-risk social enterprises. Social enterprises also encounter value-added tax (VAT) issues. The VAT that applies in the EU has been copied (with variations) by many non-EU Member States. For that reason, this chapter focusses on the EU VAT legislation as included in the VAT. Problems emerging from the impossibility to deduct input VAT can best be solved outside the VAT framework.

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Section: Tax Assignation Systemsmentioning

confidence: 99%

“…35 SITR is one of four venture capital schemes to help small or medium-sized companies and social 31 Mastellone (2013). 32 Nährlich (2013) and OECD (2020), p. 89. 33 OECD (2020), p. 89.…”

Section: Uk Social Investment Tax Reliefmentioning

confidence: 99%

Social Enterprises and Tax: Living Apart Together?

Hemels

2022

The International Handbook of Social Enterprise Law

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show abstract

Percentage Philanthropy

Cited by 1 publication

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Social Enterprises and Tax: Living Apart Together?

Social Enterprises and Tax: Living Apart Together?

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