【摘要】 创业投资收益主要体现在资本利得上,本文应用了Keuschnigg-Nielsen模型证明了创业投资与资本利得课税成反向关系,研究发现对资本利得税课税越重,对创业投资活动就越具有抑制作用。因此不少国家或地区纷纷制定了针对资本利得的税收激励政策,对创业投资的发展起到积极的推动作用。文章最后指出了对我国设计针对创业投资资本利得的税收激励政策的启示。更多还原

【Abstract】 The main revenue of venture capital industry is the capital gain. The paper testifies the inverted relation between the venture capital and capital gain tax based on the Keuschnigg - Nielsen model. So many countries design the incentive policy in succession on the capital gain; these policies accelerate the development of venture capital industry. At last, the author points out some apocalypses.更多还原