A smart person once said, “The only thing that hurts more than paying Income Tax, is not having to pay Income Tax”.
Denning was a deeply religious man who allowed his personal ethics to influence his judgements.
Courts should not be the place where the resolution of disputes begins but rather where disputes end after alternative methods of resolving such disputes have failed, as ADR processes tend to arrive at settlements that are more creative, satisfactory and longer lasting than those imposed by the Court.
The lawyer who represented me was a very smart one and he argued that I was not trespassing because where I was arrested was a government house and not Nnamdi Azikiwe’s private house thus, that made it a public space.
X (Unnamed Person) v. University of Ibadan & Ors by Mujib Jimoh Introduction When I came across the case of ‘Kunle v. University of Port Harcourt (Uniport), a case instituted by one Adekunle against the disciplinary action taken by Uniport, I knew immediately that the Adekunle wasn’t ‘Kunle Adebajo for three reasons. First, ‘Kunle never had a stint at Uniport; secondly, ‘Kunle isn’t a controversial lad whose matter always floods court gate; thirdly, the case was before the Nigerian Court…
“It is not merely of some importance, but is of fundamental importance that justice should not only be done, but should manifestly and undoubtedly be seen to be done. ”
After profits from all sources are added into the Tax basket, the exempted profits, deductions allowed and all allowances like Capital Allowances, Rural Investment Allowance, etc are removed from the basket. The remaining profits in the Tax basket – Taxable Income, are then subjected to Companies Income Tax rate of 30% in Nigeria.
All I will say is that not all that glitters is gold and this is a lesson for all of us! The truth is: most of us are unconvicted convicts; many are just as guilt as Dr. Nwobike, SAN but yconsider ourselves better because we’ve not been caught. This reminds me of the Battle of Waterloo.
To retain important control of resources and the economy, and because we also need what the IOCs have – Oil Exploration and Production Infrastructure, taxes are used to regularize the heavy production of our Oil and to reinvest into the economy.
A hearty congratulations, dear reader, you not only steadily pay a Federal tax called Value Added Tax (VAT), as the final consumer/buyer, you bear the burden of the tax to a large extent.