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.
Other Post-Employment Benefits - OPEB
Unsatisfied Judgment Fund
Qualified Eligible Participant - QEP
Capitalize on the 3 Best Stocks for the Next Decade
Five Costly Driving Myths
Assimilating Trend Trader and Swing Trader
College Debts Saviors in the US
Why Companies Overcome Stock Scandals?
SEE FOREX TUTORIAL
Introduction to Banking
Ethical Investing: Corporate Governance
A Guide to Your Personal Income Tax: Papers
Buying a Home: Obtaining a Homeowners Insurance
Students, How Much Can You Afford to Borrow?
|13:00||Bundesbank Monthly Report||Nov|
|16:00||CB Leading Index||Oct|
|16:00||ECB President Mario Draghi Speaks|
|17:00||CB Leading Index||Oct|
|18:00||ECB President Mario Draghi Speaks|
|20:30||BOE Deputy Governor for Markets and Banking Sir David Ramsden Speaks|
|00:30||RBA Assistant Governor Michele Bullock Speaks|