Geekzone: technology news, blogs, forums
Guest
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:

The President Of The USA - Who do you think?
Created by TimA, last reply by tdgeek on 3-Dec-2016 22:07 (870 replies)
Pages... 56 57 58


NetFlix: Download and go
Created by jamesrt, last reply by PhantomNVD on 1-Dec-2016 22:16 (28 replies)
Pages... 2


Woooaaahh earthquake 2016-11-14
Created by Fred99, last reply by Pumpedd on 1-Dec-2016 11:50 (470 replies)
Pages... 30 31 32


1GB Plan Capping Out at 100Mb Download
Created by Kopkiwi, last reply by sbiddle on 3-Dec-2016 17:10 (23 replies)
Pages... 2


'Quality' NZ news on the way?
Created by Rikkitic, last reply by Fred99 on 3-Dec-2016 23:05 (90 replies)
Pages... 4 5 6


Christmas. Bah, humbug.
Created by Rikkitic, last reply by alasta on 3-Dec-2016 13:43 (40 replies)
Pages... 2 3


Spark Ultra Fast Fibre MAX performance and discussion (Some might say Gigabit)
Created by Talkiet, last reply by sbiddle on 3-Dec-2016 21:15 (55 replies)
Pages... 2 3 4


FS: NES Classic Mini - New and unopened
Created by thewanderingv, last reply by thewanderingv on 2-Dec-2016 22:47 (17 replies)
Pages... 2