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 ?
She also does not use most of the allowances given to her and has not allowed the state to make any extravagant expenses on her security detail and instead uses a second-hand car.
Jason Galanis, who has a checkered history with the SEC; his father, John Galanis; and five others were charged by the SEC with defrauding investors in sham Native American tribal bonds so they could steal millions of dollars in proceeds for their own extravagant expenses and criminal defense costs.
These are the kinds of extravagant expenses that I believe drive up the cost of higher ed," Rep.
The TMMOB has been providing revelations about the luxuries of the Ak Saray, whose extravagant expenses have been the subject of public debate particularly after Finance Minister Mehmet E[currency]imE-ek announced that the cost of building the Ak Saray was TL 1.
He pointed out that the COA issued a 2012 circular telling auditors to guard against irregular, unnecessary and extravagant expenses.
New York, March 21 ( ANI ): Rihanna's former accountant, Peter Gounis, has blamed the extravagant expenses on the singer's 'Last Girl on Earth' tour for her money troubles.
They reimbursed Mr Maylam's own extravagant expenses after he entertained himself at luxury restaurants and hotels, paying his bills at London hotels, including Claridge's, which came to pounds 200,000.
Sean Kelly developed alcohol and drug addiction problems and ran up extravagant expenses charged to EPC Consulting.
IN TERMS of popularity, ticket touts probably rank alongside traffic wardens, timeshare salesmen and MPs fond of submitting extravagant expenses claims.
The electorate are already appalled by the extravagant expenses charged by MPs.
The electorate is already appalled by the extravagant expenses charged by MPs.