[gcp]

Don't worry, your government representative has some good ideas to improve the startup landscape and internet companies! You'll get a 40% corporate tax deduction for the first 4 years if you crowdfund.

There are, of course, specific conditions and regulatory work for the crowdfunding agency which mean no existing one (that anyone here has ever heard of) meets the bar and will essentially require a local operation to be set up. One of the biggest local banks (who probably pushed for the legislation?) meets the bar, though.

What do you mean, your potential backers want to use existing platforms they know? I'm sorry but can you ask those Kickstarter guys to file paperwork in our country (which they have never heard of either)?

If that's not an option, there' also the possibility to issue bonds. Bondholders won't have to pay the 30% tax on the bond's dividend if you start paying them out.

Lastly, it should be noted that all of the above benefits are forfeit if the crowdfunding campaign sends any backers' rewards.

I wish I'd make this up, but it was signed into law 3 days ago.

[sgift]

Which monkey law was that? Must have missed that new "great" idea.

[gcp]

Wasn't in Germany, but I'd be surprised if you wouldn't find similar "initiatives" over there. It's a common EU disease.