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Mgmt630 GDB No. 2 solution

Monday, May 30, 2011 Posted In Edit This
“Knowledge management is present in all organizational processes. Through effective utilization of technology and organizational resources knowledge can be effectively managed. Certain ideas (myths) are prevailing regarding the knowledge management. Discuss with Solid Arguments any two ideas of knowledge management that either these prevailing ideas are myths or absolute reality.“


Solution:



Knowledge management is mere technology.
This is a serious misconception. KM is really about people, relationships, and a new way of working together as an entity in an organizational setting. 

It is a unique way of thinking about work and about working. Imagine knowledge communities
of employees with common interests sharing information on best practice that help everyone do a 
more efficient job. KM will work only if there is trust and confidence among coworkers. Over 80 
percent of all technology-centered KM efforts have been known to fail because of a lack of attention to people .

Knowledge management is another form of reengineering.
Reengineering is efficiency-driven-a one-item attempt at introducing radical change in organizational processes to improve efficiency. The emphasis is on cost reduction and making better use of existing operations. Jump-starting such a business, however, often results in failure.
KIM is an ongoing renewal of organizational processes to learn in advance about the company’s future opportunities and contingencies. The concentration is on value added activities that demand innovation and creativity. This is ingrained in the day-to-day processes of the business. 

Technology plays a critical role in the way information becomes available at 
electronic speed.


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The Myths of Knowledge Management
1. Knowledge management is a fad.
2. Knowledge management and data warehousing are essentially the same.
3. Knowledge management is a new concept.
4. Knowledge management is mere technology.
5. Technology distributes human intelligence.
6. Knowledge management is another form of reengineering.
7. Company employees have difficulty sharing knowledge.
8. Knowledge management works only within an organization.
9. Technology is a better alternative than face-to-face.
10. It is “no brainier’ to share what you know.

Knowledge management is mere technology.
This is a serious misconception. KM is really
about people, relationships, and a new way of working together as an entity in an organizational setting.
It is a unique way of thinking about work and about working. Imagine knowledge communities of employees with common interests sharing information on best practice that help everyone do a more efficient job. KM will work only if there is trust and confidence among coworkers. Over 80

Fin623 GDB No. 2 solution

Monday, May 30, 2011 Posted In Edit This
Semester “Spring 2011” 


“Taxation Management (FIN623)”

This is to inform you that Graded Discussion Board (GDB) # 02  Will be opened according to the following schedule 


Schedule 

Opening Date and Time 
27th May , 2011 At 12:01 A.M. (Mid-Night) 

Closing Date and Time 
31st May , 2011 At 11:59 P.M. (Mid-Night) 

Note: No extra or bonus/grace period is available for attempting GBD.


Samsung has a branch office in Pakistan. Mr. Kim, who is the employee of head office, is dedicated to perform services for the Pakistan branch office. What will be the tax treatment of salary received by Mr. Kim according to Income Tax Ordinance 2001?

SOLUTION:



Proper Answer:

Treatment of Salary through employment Exercised in Pakistan: Salary received by Mr. Kim will be Taxable under (Section 101) "Pakistan Source Income" of the Income Tax Ordinance 2001.

Additional Explanation:
As Sam-sung which is a foreign company but have a branch office in Pakistan its means that Sam-sung is working in Pakistan through Permanent Establishment in Pakistan so it will be a resident company here and any salary paid by a resident company is Pakistan Source income and also any salary which can be earn through employment exercised in Pakistan will be chargeable to tax under Pakistan Source Income.


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Samsung has a branch office in Pakistan. Mr. Kim, who is the employee of head office, is dedicated to perform services for the Pakistan branch office. What will be the tax treatment of salary received by Mr. Kim according to Income Tax Ordinance 2001?


Proper Answer:
Treatment of Salary through employment Excercised in Pakistan:
Salary received by Mr. Kim will be Taxable under (Section 101) "Pakistan Source Income" of the Income Tax Ordinance 2001.

Additional Explaination:
As Samsung which is a foreign company but have a branch office in Pakistan its means that Samsung is working in Pakistan through Permanent Establishment in Pakistan so it will be a resident company here and any salary paid by a resident company is Pakistan Source income and also any salary which can be earn through employment excercised in Pakistan will be chargeable to tax under Pakistan Source Income.

:::::::::::::::::::::::::::::::::::



Treatment of Salary through employment Exercised in Pakistan:


Salary received by Mr. Kim will be Taxable under (Section 101) "Pakistan Source Income" of the Income Tax Ordinance 2001.

Additional Explanation:

As Samsung which is a foreign company but have a branch office in Pakistan its means that Samsung is working in Pakistan through Permanent Establishment in Pakistan so it will be a resident company here and any salary paid by a resident company is Pakistan Source income and also any salary which can be earn through employment exercised in Pakistan will be chargeable to tax under Pakistan Source Income.

::::::::::::::::::::::::::
According to income tax ordinance 2001;

Geographical Source of Income-Sec101 Pakistan-Source Income:

1) Salary shall be Pakistan-source income to the extent to which the salary-

• Is received from any employment exercised in Pakistan, wherever paid; or

• Is paid by, or on behalf of, the Federal Government, a Provincial Government, or a local authority

in Pakistan, wherever the employment is exercised



Permanent Establishment—Defined Sec. 2(41)

Permanent establishment in relation to a person, means a fixed place of business through which the

business of the person is wholly or partly carried on, and includes)

A place of management, branch office, factory or workshop, premises for soliciting orders, ware

house, permanent sales exhibitions or sales outlet, other than a liaison office except where the

office engages in the negotiation of contracts (other than contracts of purchase);

Tax treatment of Mr. Kim’s salary according to income tax ordinance 2001:

Salary of Mr. Kim is chargeable to tax since according to income tax ordinance 2001 sec(101), Salary shall be Pakistan-source income to the extent to which the salary-

• Is received from any employment exercised in Pakistan, wherever paid. And Samsung is permanent established in Pakistan so therefore it is also included in the tax payer category.

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