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.
Quick Guide to Grocery Shopping
Investing Dont’s for Newbies
Google Analytics: A Handy Tool For Financial Advisors
Combat the Volatile Market with These Mutual Funds
The Economic Role of Robots
SEE FOREX TUTORIAL
A Guide to Becoming a Finance Expert
Getting to Know The Federal Reserve
Student Loans: Private Loans
Buying a Home: Selecting a House Suitable for Your Needs
|01:50||Domestic Corporate Goods Price Index||Oct|
|08:00||Prelim Machine Tool Orders||Oct|
|11:00||Вице-президент ЕЦБ Луис де Гиндос выступит с речью|
|21:30||Член FOMC Мэри Дейли выступит с речью|
|02:30||NAB Business Confidence||Oct|
|05:35||30-Year JGB Auction||Nov|