Three-Martini Lunch


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Three-Martini Lunch

A byword for an expensive lunch claimed as a tax deduction for business purposes. For example, a company may take a client out to lunch but spend more than it otherwise would because of the deduction. The presumed prevalence of three-martini lunches led to an alteration of the U.S. tax code making only half of business meals deductible.
References in periodicals archive ?
Carter condemned the practice of the three-martini lunch during his 1976 presidential campaign.
19, 2011 /PRNewswire/ -- For an industry known for its three-martini lunch, agency Butler, Shine, Stern & Partners (BSSP) is launching a social media fund raising effort built around the idea of "Let's Not Do Lunch," http://www.
Not so very long ago, he said, reinsurance premiums were calculated on the back of a napkin in a bar, often after a three-martini lunch.
The three-martini lunch just ain't what it used to be.
For example, Ghezzi says she saw a company sued for damages when one of its staff members had a three-martini lunch and caused a car accident on the way back to work.
Cocktails have been part of our social history from Prohibition to the three-martini lunch.
Why has the three-martini lunch become as retrograde as the smoking jacket or the hoop skirt?
Although the beginning of the end for the cocktail culture was in sight, the post-war boom signaled corporate expansion and the three-martini lunch, and James Bond (aka Agent 007) insisted that his vodka martinis be "shaken, not stirred.
Forget diets and deprivation--they're as old hat as the three-martini lunch.
NEW YORK, March 6 /PRNewswire/ -- As the traditional all-American three-martini lunch becomes extinct, and the 25-minute lunch break on-the-run or at a desk becomes the norm, sales of lunchtime fare have been stop rather than go according to Revolution in Dayparts: Lunch in the Foodservice Market, a new report from market research firm Packaged Facts.
People who would not dream of indulging in a three-martini lunch now thrill at the sight of a multiple-martini menu.
The modern business world has replaced the three-martini lunch with a more sophisticated wining and dining experience, and sensitivity to multicultural business etiquette and protocol has never been more important.