Harmonize tax incentives for investing in early-stage startups at the European level

Currently, national tax regimes and their respective incentives discourage cross-border investments. For example, in Italy, a new law allows investors to receive a tax discount of up to 65% on investments in pre-seed startups. However, this discount is not applicable if the company you invest in is based in France. European-level harmonization, allowing investors to benefit from tax advantages regardless of the startup’s country of origin (hello EU Inc 😉), would enable greater capital inflows, foster increased competition among entrepreneurs, and (likely) create a higher-quality outcomes in terms of successful startups.