Lavish or Extravagant 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.
References in periodicals archive ?
Her use of tax-avoiding EBTs and enjoyment of lavish expense and company loan accounts shows how out of touch she and her Tory pals are with the rest of us.
The ex-Wales international, who also spent a year at Italian giants Juventus before returning to Liverpool, said the 18-time English champions were passionate about rearing homegrown players through their academy alongside a handful of "great players" bought at lavish expense.
LAHORE -- Central leader of Tehrik-e-Insaaf Abdul Aleem Khan has criticised lavish expense of Rs 48 crore on the construction of only two kilometers road.
In Mangue's most lavish expense, he commissioned a German company in 2008 to design a "mega yacht" worth 380 million dollars, nearly three times what Equatorial Guinea spends on health and education in a year.
Cliff Jones, Bristol SIR - Wales' four "British" European politicians are costing the public purse more than pounds 700,000 a year through wages and their lavish expense claims.
And while the vice chancellors continue to enjoy lavish expense accounts, free accommodation and huge salaries, their universities face big cuts, even before the announcement in last week's Budget, in which the Chancellor revealed that 25 per cent will be slashed from almost every Government department, including education.
In power since 1997, Labour has been badly hit by the scandal over lavish expense claims from the public purse by lawmakers which has seen 17 lawmakers say they will step down since it broke.
We're making luxury more affordable than ever for men who want to give their ladies a lavish gift without the lavish expense.
In some ways, despite the imposing scale and lavish expense, the result is a kind of stealth architecture--discreet, minimal and transparent, that merges into midtown Manhattan.
there is a lavish expense of $5,000 a year on clothing that must be curtailed.
The former France coach has supervised a team constructed at the lavish expense of Qatar Sports Investments, led by president Nasser Al Khelaifi.