The Resource Income tax implications of investing in a combined share and rewards-based crowdfunding campaign in Australia
Income tax implications of investing in a combined share and rewards-based crowdfunding campaign in Australia
Resource Information
The item Income tax implications of investing in a combined share and rewards-based crowdfunding campaign in Australia represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item Income tax implications of investing in a combined share and rewards-based crowdfunding campaign in Australia represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- Supporters of Oculus Rift who helped to fund the venture through crowdfunding platform Kickstarter lost out on the opportunity to share in the upside of its US$2 billion sale to Facebook because they were not equity investors. The incident however did stimulate discussion as to possible new combined share/rewards crowdfunding models that both relieve the company from the pressure of delivering monetary returns in its early days and enable funders to participate in the fruits of their investment should the business appreciate in value in future. While a share/rewards structure makes economic sense, it raises interesting questions as to how rewards given would be taxed in the hands of the funder. This article explores some of the challenges that may confront the Australian tax authority in seeking to tax participants in combined share/rewards crowdfunding campaigns under Australia's current income tax regime, in respect of rewards received from the investee company
- Language
- eng
- Label
- Income tax implications of investing in a combined share and rewards-based crowdfunding campaign in Australia
- Title
- Income tax implications of investing in a combined share and rewards-based crowdfunding campaign in Australia
- Language
- eng
- Summary
- Supporters of Oculus Rift who helped to fund the venture through crowdfunding platform Kickstarter lost out on the opportunity to share in the upside of its US$2 billion sale to Facebook because they were not equity investors. The incident however did stimulate discussion as to possible new combined share/rewards crowdfunding models that both relieve the company from the pressure of delivering monetary returns in its early days and enable funders to participate in the fruits of their investment should the business appreciate in value in future. While a share/rewards structure makes economic sense, it raises interesting questions as to how rewards given would be taxed in the hands of the funder. This article explores some of the challenges that may confront the Australian tax authority in seeking to tax participants in combined share/rewards crowdfunding campaigns under Australia's current income tax regime, in respect of rewards received from the investee company
- Citation source
- In: Australian tax review. - Pyrmont. - Vol. 46 (2017), no. 1 ; p. 48-60
- http://library.link/vocab/creatorName
- Jing, B
- Language note
- English
- http://library.link/vocab/subjectName
-
- income tax
- investment
- crowdfunding
- Label
- Income tax implications of investing in a combined share and rewards-based crowdfunding campaign in Australia
- Label
- Income tax implications of investing in a combined share and rewards-based crowdfunding campaign in Australia
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Income-tax-implications-of-investing-in-a/RmTKMGkeCKY/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Income-tax-implications-of-investing-in-a/RmTKMGkeCKY/">Income tax implications of investing in a combined share and rewards-based crowdfunding campaign in Australia</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Income-tax-implications-of-investing-in-a/RmTKMGkeCKY/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Income-tax-implications-of-investing-in-a/RmTKMGkeCKY/">Income tax implications of investing in a combined share and rewards-based crowdfunding campaign in Australia</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>