Here in Otago we only felt a (significant) tremor on September 4 at 4.38am, but in Canterbury they felt the full impact of the 7.1-magnitude earthquake, and the damage that it and the many aftershocks that followed have left behind has yet to be quantified.
The week before last, the Government released the Taxation (GST and Remedial Matters) Bill, which seeks to bring into law some of the proposals outlined in the November 2009 discussion document entitled GST: Accounting for land and other high-value assets.
Under current economic conditions, more disgruntled employees seem to be taking action against their employers. Unfortunately, many settlements are reached based on legal advice that the cost of fighting the battle is less than the immediate punishment, as opposed to the relative merits of the claim.
