Effect of the Tax Revenue on Venture Capital Investment in Start-ups

摘要

To the venture capital, the current study and emphasis is on macroeconomie issues, the role of tax-oriented issues in the course of the venture capital operation should depth study to be. This article utilizes multi-disciplinary theories and methods, applying theory to reality; embarks from China venture capital development's present situation and existing questions, carries on the analysis based on theenterprise life cycle theory, puts forward suggestions of tax policy. This article based on the assumption that the population as a whole in a closed economy, begins with the entrepreneur diligence and the suggestion of venture capital companies, constructs two-period enterprise life cycle mode on the foundation of David Ricardo production model, at last we get the conclusion that a higher tax ondividends may be expected to reduce the value of the business and weaken the creation of enterprises toinvest.