벤처 혁신기업 지원방안으로서의 기업성장집합투자기구 세제지원에 관한 소고

For venture and innovative companies, there are policy funds and related tax support for the start-up period, but it has been pointed out that there is a lack of policies for financing the growth stage after start-up. In 2022, the introduction of BDCs is being prepared to facilitate capital market participants to invest in venture and innovative companies. This study analyzed the current tax support system to promote investment in venture and innovation companies, and analyzed the support cases of Business Development Company in the United States and Venture Capital Trust in the United Kingdom, which are similar to BDCs, to see if there are factors to consider in designing a tax support system for Korean BDCs. The results of this study suggest that the need and effectiveness of growth-stage funding for venture innovation companies such as BDCs is high, so tax support for such funding would be highly beneficial. The study also suggests that there is a problem of insufficient support for investment in the form of collective investment vehicles, so it is necessary to design a tax support system in a way that does not compromise the tax neutrality of the investment method while considering the legal characteristics of collective investment vehicles, and in a way that compromises the systems of the United States and the United Kingdom.