Lavish or Extravagant Expense(redirected from Lavish or Extravagant Expenses)
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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