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ARTICLE · 09 FEBRUARY 2016

CBAs & Severance Benefits: Where Is The "Loss Of Office"?

It amounts to an abuse of the CBA framework to incorporate and sustain clauses that circumvent the provisions of the law based on the union's potential to create or trigger industrial crisis at will.

NigeriaTax

It amounts to an abuse of the CBA framework to incorporate and sustain clauses that circumvent the provisions of the law based on the union's potential to create or trigger industrial crisis at will.

The circumstances of the 2016 budget of Nigeria have made tax or taxation a permanent agenda item and its discussion inevitable.  The tax system in Nigeria is yet to attain such a level of maturity in which one can declare, "we don't need new taxes; we need new taxpayers, people who are gainfully employed, [and new businesses] making money and paying into the tax system" 

Individual and corporate taxpayers the world over love tax reliefs, exemptions and/or holidays.  Employees love tax free pays. One instance of employee tax free pay is compensation for loss of office, although most employees do not wish to suffer loss of employment outside mutual agreement. 

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