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Lavish or Extravagant Expense
(redirected from Lavish Expense)

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Lavish or Extravagant Expense
A business expense that is significantly higher than what is considered reasonable. For example, if a company pays triple the market rate for office supplies, that amount may be a lavish or extravagant expense. These expenses are not tax deductible and so may increase a company's tax liability.


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But details of their lavish expenses were published by a Sunday newspaper yesterday which revealed how one of the three judges, all of whom earn EUR177,554-a-year, was refunded for toll charges.
THE Birmingham MP responsible for Britain's aid budget has vowed to stamp out lavish expenses claims after it emerged executives at a pounds 2.
ISLAMABAD, June 23, 2010 (Balochistan Times): Targeting the demands for grant pertaining to the budget for the fiscal 2010-11 in National Assembly (NA), Opposition benches have said that on one side deficit budget has been presented and on the other side lavish expenses are being made by the government.
 
 
 
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