See why can't any party come up with a plan like this? I mean zero tax would be amazing to start a business up but not even that. If they did a plan where corporation tax was 5% for the first 5 years I think they would see a growth spurt.
Then again, how many people would start to close their businesses up and start again when the 5 years is approaching :). They would certainly need to think it through.
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This is the problem that any government faces trying to juggle things around to see what suits. We are just guinea pigs being tested on really to see what works best. Its also a bit of rob peter to pay paul type of scenario. But something must be done to help small businesses because when we started off it was the hardest thing I've ever done.
Yes it would need to be checked for loopholes and people gaming it. A pilot could help to test different methods out.
The little guys are push out often before they have the chance to fall out. Less is more when it comes to regulation for small businesses.
Best,
Isaac