Bavaria is demanding tax breaks for start-ups

In Bavaria it could soon be possible to write off investments in company start-ups from tax. At least that is what CSU Finance Minister Albert Füracker wants to force. The proposals in the Federal Finance Committee do not go far enough.

Bavaria wants to improve the conditions for business start-ups in Germany with new tax breaks. “Especially after the Corona crisis, we need start-ups in order to be able to get started innovatively. The creative minds need capital for this,” said Bavaria’s Finance Minister Albert Füracker (CSU) of the German Press Agency in Munich. The Free State has therefore proposed that start-up financiers could immediately write off their investments in full and in unlimited amounts in the future. “This is how we shift a significant part of the financial risk.”

“We have to make investments in young companies more attractive,” says Füracker. Although the federal government made proposals on the Fund Location Act on the occasion of the upcoming deliberations in the Finance Committee of the Federal Council this Thursday, from the Bavarian point of view the solutions do not go far enough.

According to Füracker, possible profits from private investors should also receive tax benefits, provided that they are reinvested. In addition, the tax exemptions for the financial participation of employees in the start-ups would have to be improved. Specifically, Bavaria is proposing to raise the limit from the current 360 euros to 3,000 euros. “This increases the chance that highly qualified employees will become more committed to a start-up, even if high salaries are not yet being paid,” said Füracker.

Source: com! professional by

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