CAPIC REVIEW

Journal of Accounting, Auditing and Business Management

ISSN 0718-4662

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Vol. 23 (2025): CAPIC REVIEW
Essays

Deep tech startups and international taxation: strategic challenges for sustainable growth.

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  • Daniela Beatriz Veglia Restagno,
  • María Fernanda Andrés Miretti,
  • Pablo Esteban Passamonti Yost
Daniela Beatriz Veglia Restagno
Sí
DOI: https://doi.org/10.35928/cr.vol23.2025.262
Categories

Published 2026-01-15

Keywords

  • venture capital,
  • international taxation,
  • tax planning,
  • deep tech startups,
  • valuation

How to Cite

Veglia Restagno, D. B., Andrés Miretti, M. F., & Passamonti Yost, P. E. (2026). Deep tech startups and international taxation: strategic challenges for sustainable growth. CAPIC REVIEW, 23, 1–14. https://doi.org/10.35928/cr.vol23.2025.262

Copyright (c) 2025 Daniela Beatriz Veglia Restagno, María Fernanda Andrés Miretti, Pablo Esteban Passamonti Yost

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Abstract

Startups have established themselves as key players in the contemporary business ecosystem thanks to their capacity for innovation, scalability, and the ability to transform economic sectors through knowledge-intensive business models. Science and technology-based startups (deep tech) in particular play a strategic role in linking scientific research, technological development, and commercial application. However, this type of company is difficult to understand and value due to the absence of consolidated financial records, the high uncertainty associated with innovation processes, and the centrality of intangible assets that are not reflected in financial statements. This makes it challenging to apply traditional valuation methods. These difficulties are exacerbated in R&D-intensive projects, whose returns depend on nonlinear growth trajectories. Despite their growing economic relevance, deep tech start-ups are often analysed in a fragmented manner, with financial valuation, innovation management, and tax planning considered separately. This limits our understanding of the factors that affect their sustainability and ability to attract investment, particularly in international contexts. Against this backdrop, this essay offers an integrated analysis of the conceptual, economic, and fiscal fundamentals affecting the valuation and sustainable growth of science and technology-based start-ups, providing an interdisciplinary perspective on innovation financing and strategic decision-making.

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