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 ?
"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.
Over P2 billion in questionable PCSO transactions, including expenditures for beer, disallowed by COA
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.'
PCSO told: Return P2B spent on 'extravagant expenses,' 'unauthorized benefits' since 2013
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.
Mamata is least paid chief minister
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.
Enforcement: Father, Son Paid for Fraud Defense by Bilking Native Americans: SEC
"These are the kinds of extravagant expenses that I believe drive up the cost of higher ed," Rep.
Appearances matter
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.
Henhouses built in Ak Saray to provide organic food to president and family
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.
Accountant blames RiRi's tour expenses for star's money troubles
Jeff Jones, local government expert and former leader of Bridgend council said the extravagant expenses were unnecessary.
Taxpayers' pounds still spent on luxury hotels and first class travel; Councils are facing an almost unprecedented financial squeeze - prompting greater scrutiny on expenditure than ever before. So how much do our local authority leaders spend on travel and accommodation in these straitened times? Olivia Goldhill found out
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.
FOR MASH GET CASH; Sainsbury's boss took pounds 5m bungs from spud growers
Sean Kelly developed alcohol and drug addiction problems and ran up extravagant expenses charged to EPC Consulting.
Educated spouse denied relief
IN TERMS of popularity, ticket touts probably rank alongside traffic wardens, timeshare salesmen and MPs fond of submitting extravagant expenses claims.
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