Library
A Short Explanation of IR591 - Corporation Tax 
This is also known as BN34 "Tax treatment of Small Incorporated Businesses"
This legislation effectively raises the tax rate on profits distributed to non-company shareholders from the 0% starting rate to a minimum of 19%. IR591 discourages individuals from taking advantage of tax measures introduced to promote the growth of small businesses and specifically targets dividend distributions of small businesses incorporating soley or mainly for tax reasons.
