Dene Mackenzie

Change of behaviour urged

New Zealand households are being urged to improve the quantity and quality of their savings to help the rebalancing of the economy, particularly away from external debt.

Wikileaks in news for wrong reasons

Whistle-blowing website Wikileaks was in the news again last week but for reasons it probably did not welcome.

Former high-profile hacker Adrian Lamo admitted he had turned over a United States army intelligence analyst to authorities, a decision met by wide derision on blogs.

"A lot of people have labelled me a snitch," Mr Lamo told BBC News.

Reserve Bank hike will hurt borrowers

Reserve Bank hike will hurt borrowers

Borrowers are the major losers from the Reserve Bank decision last week to lift the official cash rate by 0.25% to 2.75%.

Dip in property dividends expected

Dip in property dividends expected

The 2010 Budget confirmed several tax changes for the property sector that were centred on the removal of tax depreciation on buildings. There were some minor positive offsets with the PIE tax rate falling from 30% to 28%. Business editor Dene Mackenzie considers the implications for the New Zealand listed property sector.

Some industrial expansion evident in South

Some industrial expansion evident in South

Some Otago-Southland manufacturers appear to have come through the recession well and are expanding their operations.

Economists question need for OCR increase

Economists question need for OCR increase

The rise yesterday in the Reserve Bank's official cash rate has been labelled premature and a decision that will further hurt New Zealand's small and medium-sized enterprises (SMEs).

Finding may allow IRD prosecutions

A much-awaited decision of the Court of Appeal could open the floodgates of Inland Revenue Department prosecuting professionals hiding behind a company structure to avoid high personal income tax rates.

New Zealand among first countries to see iPhone 4

New Zealand will be one of the first countries after the United States to receive the new iPhone 4 which was launched by Apple chief executive Steve Jobs yesterday, New Zealand time.

Opinion: English accentuates the negative

Finance Minister Bill English continues to ignore the good news buried within the Government accounts prepared by Treasury.

Tax changes require re-evaluation of company status

Submission close on July 5th. Business editor Dene Mackenzie talks to Deloitte Dunedin tax partner Peter Truman about the changes to qualifying companies and loss attributing qualifying companies.

The Government recently announced changed tax rules that will force some company directors to rethink the tax status of their companies.

While the Government is calling for submissions on the proposed changes, it seems unlikely that any changes, apart from some cosmetic tinkering around the edges, will take place.