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.
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References in periodicals archive ?
Even though they won't turn their backs on the PS7,599-a-month pay cheque and lavish expenses.
Sir, - The Scottish Qualifications Authority has been criticised by Holyrood over the lavish expenses of senior managers and, some time ago, for its inability to communicate clearly with teachers and for poorly set exams.
163 or 164, or extravagant or lavish expenses. Additionally, domestic services are not included, but cleaning, landscaping, and maintenance performed by an outside company (not domestic servants) are included.
RECENTLY former Sindh governor Muhammad Zubair in a TV talk show made a joke of Prime Minister Imran Khan's austerity drive with a particular reference to PM House's lavish expenses on account of 534 servants, over 100 luxury cars, and few buffalos.
The MQM-P lawmaker said that most of the budget goes in the salaries and the uplift projects budget is further cut short rather than cutting short lavish expenses of the provincial government.
The PTI lawmaker said Pakistan can't afford lavish expenses anymore and PTI Govt decided to convert PM House Islamabad and Governor House Peshawar to museum to promote education, art, culture and tourism.
He succeeded, became the prime minister, will take oath tomorrow, and hopefully will remain true to his words of bringing a happy change in the life style of people with his ideas of nobility, will do away with lavish expenses, like lee kuwan yu of Singapore or Mahateer Mohammad of Malaysia,leaders in the real sense, who revolutionalised their countries, and brought about a happy change in the society.
Two factors inflate maintenance cost: provisioning of classified loans that are actually NPLs and lavish expenses on account of top managerial manpower.
Pope Francis (much like the saint he shares a name with) brings back that message and ends up hitting hard at parishes that collect money for lavish expenses.
With Pakistani missions spending Rs1.3 billion on the healthcare of government officials in the past 24 months, eyebrows have been raised over such lavish expenses on overseas treatment when the ministry of foreign affairs development funds stood at Rs200 million for 2016-17.The time period from 2016 to 2017 witnessed a heavy burden in the shape of medical expenditures from more than a thousand diplomats and their families abroad, while the estimated expenditures remain around Rs12 billion for all 114 missions abroad in the current year, reported Geo News.An individual spent Rs1.2 million on his medical treatment in the past two years, where the total expenditure of healthcare incurred Rs681,628,102 in 2016-17 and Rs603,240,199 in 2015-16, revealed official documents.
Besides investigating the foreign tours of Ministers, Secretaries, Director General Pakistan Sports Board and their family members on federation's expenses and causing losses to national exchequer by lavish expenses.
And like us, they also see the huge amounts of cash being splashed by university managers on expensive new buildings, and the willingness of vice-chancellors to act like CEOs, awarding themselves increasinglymassive salaries and lavish expenses.