Regulations on investment breaks and exemptions from capital gains tax of natural persons in some European jurisdictions

Abstract

In European countries diverse mechanisms of taxing profits on capital gains of private persons are applicable. Among other things, they consist in diversified politics of concessions and tax exemptions, which then translates itself into the level of the effective fiscal burden of these incomes. In the article, the author describes tax breaks and other kinds of subsidies in some countries, facilitating the development of newly-established companies. They are aimed at stimulating the development of local economy and entrepreneurship, and, on
a long-term basis, they are connected with expectations of the increase of the treasury budget incomes.