Fundamentals of Leadership Essay Example | Topics and Well Written Essays - 2500 words - 1

Fundamentals of Leadership - Essay Example This paper presents a report on the leadership within the BMW Group in relation to various models and theories of leadership. Joachim Milberg, BMW’ CEO is a pragmatic leader who has led the company to achieve the most successful period in its history. The Great Man theory of leadership is a characteristic quality of leaders whose qualities lead to a great positive transformation of a company or business organization. The description of the qualities of leadership by Northouse (2010), illustrates that it is through the good attributes of a leader that positive change is made possible. The changes which have been brought about by Milberg especially in car production and the significant increase in sales of the company’s brands apparently illustrates that he is a great leader. Milberg can also be described in relation to the trait theory of leadership because it is through his unique traits that have made him to be a successful leader in causing positive change within the company. Milberg’s leadership traits demonstrate that he is a sensible leader who is also level headed in making leade rship decisions. It can be argued that the special traits of this leader are inherited because they are explicit and unique when compared with the previous CEO as demonstrated by his excellent performance as the CEO of BMW Group. As a result of his god leadership traits, Milberg is very respected by all members of the BMW Group. The participative theory of leadership is described by Northouse (2010) as the kind of leadership style which gives due consideration of the opinions and needs of those who are led in reaching decisions. Milberg’s leadership in the company encourages democratic or team leadership in which the management gives the employees a chance to give their views and ideas on various project issues before reaching the final decision. Therefore the company’s CEO engages the company in participative leadership. Seminars and workshops are held in the

Australian taxation law Assignment Example | Topics and Well Written Essays - 1000 words

Australian taxation law - Assignment Example According to the above definition of Australian resident for taxation, the Indian consultant does not qualify to be a resident, since the period of stay during the year of income is only five months. The financial year begins on 1st July to 30th June. In this respect, income earned by the Indian IT consultant between 1st July 2012 and 30th June 2013 will be taxed in financial year ending 31st July 2013. Further, according to provisions of the same section, income earned in July 2013 will be assessed for tax in July 2013. Section 6-5(3) of ITAA 97, income according to ordinary concepts states that income derived by a foreign resident directly or indirectly from all Australian sources is assessable for income taxes. 2. An Australian born viticulturist (wine maker) who accepts seasonal contracts in Australia, New Zealand, South Africa and France. The Australian born viticulturist is a resident for taxation purpose. Even though the wine maker accepts seasonal contracts from foreign count ries, by birth and stay qualifies as a resident. According to ITAA 97 section 6-5(2), income according to ordinary concepts, assessable income includes all incomes derived directly or indirectly from all sources whether in or outside Australia during the year of income. Therefore, the Australian Viticulturist will be taxed on income derived from seasonal subcontracts in the stated countries. In Malayan Shipping Co Ltd v FCT, the court held that even though the company engaged in foreign trade, the management was Australian resident and therefore income derived from foreign income was assessable for tax purposes. 3. An Italian born tradesman who migrates to Australia on 30 March 2013. According to the definition of Australian resident, an individual qualifies to be a resident by among other things moving to live in Australia. Therefore, the Italian tradesman qualifies to be a resident by migrating to Australia. Based on ITAA 97 section 6-5 (3), Income according to ordinary concepts, the income of the Italian tradesman to be assessed includes that part derived directly or indirectly from Australian sources between 30 March 2013 and 30th June 2013 when the year of income ends. 4. An Australian born bank employee sent to a Singapore branch for 6 months. The bank employee is a resident by birth. According to ITAA 97 section 6-5(2), income according to ordinary concepts, assessable income to Australian residents includes income derived directly from all sources be it local or foreign sources during the year of income. Therefore, the income earned will be assessed in the financial year within which it falls. 5. A person of Australian domicile living in Sydney. The fact that the person is a domicile and lives in Sydney, Australia is sufficient qualification for residency. According to ITAA 97 section 6-5(2), income according to ordinary concepts, assessable income for Australian residents includes income derived directly and indirectly from all sources. This means tha t income for Australian domicile will be taxed in the year of income it falls. PART B CALCULATE the minimum amount of net capital gain which is to be included in his assessable income. You must indicate how every item mentioned above