Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Briefly: Xero gets tax nod; Seagate crashes 1TB barrier; Intel's 14 nm chip
Posted on 11-Sep-2013 07:33 by Bill Bennett. | Tags Filed under: News.

Three years ago the Inland Revenue Department stuck a spanner in Xero’s works when it decided storing accounting records offshore could be a breach of its requirements.

That’s fixed now, the IRD has given Xero and Cargowise the green light to hold records offshore. It took Xero four years to get the nod from the IRD. Along the way were legislative changes and a fresh set of IRD guidelines.

Xero says it was one of the first companies to apply for permission and is one of the first to have its application granted.

The rules stopping Xero from holding taxpayer records overseas were a hangover from pre-cloud computing days. Legislation rarely moves as fast as technology, New Zealand’s law makers were slower off the mark than those in Australia.

In practice little changes, the matter was more a technicality than a serious problem. Still, it’s nice to bring our laws up to date.

  • Screen Shot 2013-09-10 at 5.28.47 PMHard drive maker Seagate is telling the world about its latest development: shingled magnetic recording (SMR). The company says SMR means the company can make drives with more than 1TB per platter. This has been a barrier for the last three years, but from next year we can expect drives able to store 5TB per platter and 20TB by 2020.
  • Local cloud specialist Greenbutton says it is working with Tout a service which lets users quickly capture and distribute real time video footage. Greenbutton’s inCus is helping Tout gather data to quickly give customers more information about incoming video clips.
  • Chip maker Intel officially launched its 14 nm system-on-a-chip processor giving the downward spiral in device size and cost another twist. CEO Brian Krzanich says the chip means tablets could drop below the US$100 mark by Christmas.

comments powered by Disqus

Trending now »

Hot discussions in our forums right now:

Rise of the machines
Created by Rikkitic, last reply by MikeB4 on 24-Oct-2016 20:07 (37 replies)
Pages... 2 3

Sony XZ Owners discussion
Created by networkn, last reply by Geektastic on 24-Oct-2016 14:48 (107 replies)
Pages... 6 7 8

Gigabit cable now available
Created by sub, last reply by Pumpedd on 23-Oct-2016 10:48 (59 replies)
Pages... 2 3 4

Labour weekend plans?
Created by DarthKermit, last reply by joker97 on 22-Oct-2016 09:51 (27 replies)
Pages... 2

Windows 10: HDMI or DP to connect to 4K monitor?
Created by joker97, last reply by joker97 on 23-Oct-2016 19:04 (12 replies)

Kiwibank Platinum by fees not by service?
Created by joker97, last reply by openmedia on 22-Oct-2016 11:23 (22 replies)
Pages... 2

Legal Tender, Paywave.
Created by sdavisnz, last reply by sbiddle on 24-Oct-2016 19:46 (20 replies)
Pages... 2

Are the Fritzbox Actually Any Good?
Created by Kopkiwi, last reply by sidefx on 23-Oct-2016 10:20 (10 replies)