At the bottom of the ranking Ireland, Estonia, the Czech Republic and Slovenia
Italy leads the European ranking of alternative finance: according to the analysts of the first Italian environmental and energy lending crowdfunding platform Ener2Crowd, the collection could add up to 4.1 billion euros. Following on the podium also the France with 3.2 billion euros of deposits and the Germany with 2.3 billion. Then they still follow Spain (1.2 billion), Netherlands (1 billion), Finland, Poland and Sweden (0.4 billion), Lithuania (0.3 billion)Ireland, Estonia and the Czech Republic (0.2 billion) e Slovenia (0.1 billion).
In the estimate, based on Statista’s data on “alternative finance” transactions, they were excluding non-EU countries and therefore the United Kingdom was not taken into consideration, which, according to Statista, totals collections of 11 billion euros (12,643 million dollars).
Ener2Crowd.com he calculated the possible evolution in light of the entry into force of the new European Union legislationincluding all the instruments of alternative finance and therefore transactions involving crowdfunding, investment trading, minibonds, direct lending, private equity, venture capital, private debt and initial coin offerings (ICOs).
“Thanks to the nit sets the same rules for all EU countries, Italian platforms will be able to work on multiple markets at the same time and grow more than those of other countries. Italy, in fact, is more ready to take up the challenge since the European regulation derives from the Italian one and is strongly inspired by the experience of our country, which has always been the cradle of law “, he explains. Niccolò SovicoCEO, creator and co-founder of Ener2Crowd.com.
In this new regulatory context, Italy is among the countries most ready for change. “But if on the one hand the new rules offer a greater possibility of business expansion, no less relevant is the greater protection offered to savers”, he adds. Giorgio Mottironicso and co-founder of Ener2Crowd as well as chief analyst of GreenVestingForum.it, the forum for green alternative finance.
“But we also want to underline how the bureaucracy deriving from Italian laws can be a brake on the development of national operators”, highlights Giorgio Mottironi. “In Italy, the returns from investments through lending crowdfunding portals, when these are” agents of a payment institution “- and therefore in the majority of cases – must be taxed on the basis of the person’s personal income tax rate and through a complicated procedure that sees the companies receiving the loan act as withholding agents in the down payment formula, “explains the chief analyst of the GreenVestingForum.it.
Abroad, however, these returns are equated with financial income and therefore taxed at 26% through a simple procedure performed by the portal, which takes care of the payments on behalf of its members, as a withholding agent.
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