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 ?
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.
Two former Cabinet ministers, currently earning (or being paid, at any rate) PS67,000 a year plus lavish expenses, looking to line their pockets as retirement approaches.
The nineteenth century witnessed the lavish expenses on wine by the Sage of Monticello, Honest Abe's inclination toward temperance, and the slurred speech of the first president to be impeached.
Tony Blair s business empire shelled out Au57 million on 5-star hotels, private jets, salaries and other lavish expenses.
And what then is the difference between a UK Member of Parliament K to our European Members of Parliament, whom those in Westminster criticise for their lavish expenses allowances?
A security officer told FNA on Saturday that the quarrel was over the numerous and lavish expenses of the foreign trips that Emir's mother, former queen Sheikha Moza bint Nasser al-Missned, has been taking alongside not just his husband the former emir, but the country's prime minister and former foreign minister, including her last trip to Tel Aviv.
Didn't he see the lavish expenses when he went for the wedding," Shetti, asked.
Among the lavish expenses Cole was promised in her "X Factor" contract were a $100,000 wardrobe allowance, $25,000 for a personal stylist, $15,000 each month for lodging expenses in Los Angeles and $2,500 each month for various other living expenses.
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.