Finally, after years of planning, New Zealander Peter Dengate
Thrush, who chairs the Internet Corporation for Assigned
Names and Numbers (Icann), last week steered the internet
through one of the biggest changes in its history.
Tax experts are urging caution as changes to gift duty come
into force from October 1.
Dunedin's many software developers will be among those to
benefit from a change in tax law this week that allows them
to claim tax deductions on failed software developments.
The successful launch of the KFC Double Down
in New Zealand ate into the profits of Pizza Hut during the
same time, causing concern for Restaurant Brands chief
executive Russel Creedy.
The Christchurch earthquakes still had a major effect on the
latest balance of payments, despite Statistics New Zealand
changing the rules at the last minute about how reinsurance
money is treated.
Visitor arrivals to New
Zealand remained broadly unchanged in May following a strong
8% recovery in April, but Canterbury earthquakes are taking
IT solution specialist Softsource confirmed yesterday it was
in negotiations with the Government regarding the provision
of cloud computing services hosted in its new Entrada Data
A pall of economic gloom hangs over Otago and Southland with
the latest indication of falling financial fortunes coming in
a services industry activity index released yesterday.
Foodstuffs South Island yesterday reported an improved
operating profit of $219.3 million for the 12 months ended
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