Three-Martini Lunch


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Three-Martini Lunch

A byword for an expensive lunch claimed as a tax deduction for business purposes. For example, a company may take a client out to lunch but spend more than it otherwise would because of the deduction. The presumed prevalence of three-martini lunches led to an alteration of the U.S. tax code making only half of business meals deductible.
References in periodicals archive ?
If you're still mourning the end of the TV show "Mad Men," dry those tears and turn your attention to Three-Martini Lunch.
Carter condemned the practice of the three-martini lunch during his 1976 presidential campaign.
Not so very long ago, he said, reinsurance premiums were calculated on the back of a napkin in a bar, often after a three-martini lunch.
The three-martini lunch just ain't what it used to be.
For example, Ghezzi says she saw a company sued for damages when one of its staff members had a three-martini lunch and caused a car accident on the way back to work.
Cocktails have been part of our social history from Prohibition to the three-martini lunch.
In a world where the three-piece suit has been replaced by khakis, and the three-martini lunch has been replaced by working through lunch, the traditional realms of business and pleasure, work and relaxation, have been forced to meld into one big happy "work/life.