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 ?
3 billion on the healthcare of government officials in the past 24 months, eyebrows have been raised over such lavish expenses on overseas treatment when the ministry of foreign affairs development funds stood at Rs200 million for 2016-17.
Besides investigating the foreign tours of Ministers, Secretaries, Director General Pakistan Sports Board and their family members on federation's expenses and causing losses to national exchequer by lavish expenses.
And like us, they also see the huge amounts of cash being splashed by university managers on expensive new buildings, and the willingness of vice-chancellors to act like CEOs, awarding themselves increasinglymassive salaries and lavish expenses.
Apparently his highness has let it be known he wants to stay on for another stint but he won't be making his intentions known to the public, who pay his huge salary and lavish expenses, until the late summer.
But a finance official of the high tribunal said the allegedly lavish expenses were presumed to be regular since no notice of disallowance was issued to question it.
Federal Court Docket: SACV 14-01759-JLS), used investment money to pay for a gambling debt in Las Vegas and other lavish expenses.
Avoid making lavish expenses in presidential campaign.
It's not just excessive executive pay either; the council leaders enjoy lavish expenses too.
Despite heavy criticism from almost every part of society concerning lavish expenses, Erdoy-an defended the presidential palace, calling it a "show of the country's prestige.
It has been a period of lavish expenses, handouts of expensive watches and the knowledge on the part of many football grandees that loyalty to Blatter would bring its own rewards.
Long gone are the chauffeured limousines, $l,200-a-night hotel rooms and other lavish expenses of traveling administrators at some institutions that have grabbed news headlines.