Dene Mackenzie

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.

Opinion: English accentuates the negative

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

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.

Yahoo for email service going social? not really

YAHOO! There is nothing like finding out your favourite, and long-time friend on the internet - Yahoo.com - is jumping into social networking by using its massive population of email subscribers as a base for sharing information on the web.

Yahoo was the home of my first email address and it still works after goodness knows how many years.

Some risks seen in raised OCR

The Reserve Bank is expected to lift the official cash rate (OCR) by 0.25% to 2.75% on Thursday, the first increase in more than a year.

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.

Hodgson exits politics on 'own terms'

Hodgson exits politics on 'own terms'

Pete Hodgson, one of Dunedin's longest-serving MPs announced yesterday he will retire from politics at the next election.

Embattled BP leaking money, as well as oil

Embattled BP leaking money, as well as oil

Shares of BP have fallen by nearly 35% in value since the start of the Gulf of Mexico oil spill, wiping about 43 billion ($NZ92.2 billion) off the value of the company. Business editor Dene Mackenzie looks at some possible scenarios for the company.

Spill-hit BP's Fitch rating drops to AA

International ratings agency Fitch has lowered BP's rating from "AA+" to "AA" and placed it on negative watch, citing risks arising from the Gulf of Mexico oil disaster.

XT relaunched with risk-free trial

Telecom last night relaunched its marketing campaign for its fast, but troubled, XT mobile network with an advertising campaign led by chief executive Paul Reynolds and a 30-day risk-free trial.