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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
"The disallowances issued for the period amounting to P811,463 million represent payment of unauthorized benefits, unnecessary and extravagant expenses amounting to P519.925 million, P291.482 million and P56,540, respectively," the audit report stated.
In their 2018 audit report, State auditors said that P811.463 million of the total disallowance issued against PCSO was used for 'unauthorized benefits, unnecessary and extravagant expenses amounting to P519.925 million, P291.482 million and P56,540, respectively.'
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 1.37 billion ($615 million) in a statement in November of last year.
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.