Sunday, 5 February 2012
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Tax and Revenue Management: A government’s lifeblood
IT has provided the opportunities for governments to remodel the entire process of tax collection over the last decade. It is, however, a continuously evolving process and governments the world over need to constantly upgrade their tax systems to optimise their revenue workflows.
Unlocking Public Value
A recent SAP study confirmed that those organisations which adopt best practices in the areas of scope and adoption, process standardisation, technology and customer governance, do perform better, and do so as their best practice maturity increases.
Governments and Socialising
The advent of social media has seen governments hopping onto the bandwagon in a bid to further engage citizens.
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Central Government, Green Government, Policy
South Korea Commits to Green Investment
The Green Growth Commission announced yesterday (13 May) that the South Korean government will commit to spending 12.6 trillion won (US$10 billion) to develop environmental technology in the next five years.
Set up in February this year to implement the country’s vision for ‘low carbon, green growth’, the Green Growth Commission is chaired by President Lee Myung-bak and Kum Hyung-kook, a professor emeritus of Seoul National University. President Lee saw green growth as a necessary step for the country’s future economic survival and advancement.
The 12.6 trillion won (US$10 billion) budget can be broken down into two parts. 4.2 trillion won (US$3.3 billion) will be invested in nine projects to develop green technology which promises to reduce energy and cost. The government will spend the remaining 8.6 trillion won (US$6.8 billion) on research and development of 27 green technologies such as high-efficient silicon-based solar cells, LPG hybrid vehicles, light emitting diodes and advanced electricity metering system, fuel cells, electric cars and rechargeable batteries.
The commission briefly shared each of the nine projects, which include the development of green electronic products such as energy-saving personal computers, televisions, displays and servers; establishment of a new internet infrastructure which is ten times faster; and deployment of green technology in the education, healthcare and commercial sectors. This initiative is expected to create 52,000 jobs by 2013 and reduce carbon emissions by 1.8 million tons.
A higher return on investment is expected of the 27 green technologies. The government predicts export and local sales of green products and services to go up from 43 billion won (US$34 million) in 2007 to 150 billion won (US$119 million) by 2012 and create 481,000 jobs.
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