The govt’s startup advisors council wants a big tax change

Employee share ownership options need to be looked at the Startup Advisors Council says(Image: Getty)

Tue, 01 Aug 2023

A final report from the government’s Startup Advisors Council recommends a major tax change to encourage startup growth and says there needs to be a focus on growing technology startups in Auckland, Wellington and Christchurch rather than elsewhere.The council also suggests a new way for New Zealand to refer to startups: "Upstarts". Angel Association chair and Startup Advisors Council deputy chairperson Suse Reynolds says the term Upstart is meant to capture a vision of NZ punching above its weight on the world stage. ...

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