Ad valorem or progressive tax placed on products and/or services that are not necessary or essential. An indirect tax, it raises the price of the product or service and only incurred by people who buy or use the luxury item or service.
The term has remained even though many products that are considered as luxury taxes today are no longer deemed as Luxuries. Today, it pertains to sinful products like tobacco, alcohol, yachts, villas, jewelry, and top of the line automobiles. These are executed in an attempt to alter consumption patterns as to collecting tax revenues.
Also called excise taxes or sin taxes.
Traders, Ramp Up Your Skills in Five Ways
Use of Japanese candlesticks to determine support and resistance levels
Personality = Investment Strategy
Better Prepared Than Sorry: Avoid These Retirement Traps
Splurging When Times Are Good
SEE FOREX TUTORIAL
The Concepts of Economics: Scarcity
Do I Need to Move Out or Renovate My House?
Principles of Trading: Record Keeping and Taxation
An Introduction to Forex
Retirement Planning: Allocating and Diversifying
|02:00||ANZ Business Confidence||Nov|
|02:00||MI Inflation Gauge||Nov|
|02:30||Company Operating Profits||3 quarter|
|02:30||Private Sector Credit||Oct|
|10:00||KOF Economic Barometer||Nov|