Kiwi small business start up tax discount

"Small business in New Zealand will become less taxing from April 2005 when a 6.7 per cent discount becomes available to companies in their early years. Associate Revenue Minister David Cunliffe said the discount was open to many self-employed people and members of partnerships in their first year of business.

"The discount is designed to reduce some of the financial strain that small businesses face in those vital first three years of business,' Mr Cunliffe said.""