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.
Continuity of Business Enterprise Doctrine
Activity-Based Budgeting - ABB
Are Mutual Fund Ratings Deceiving?
New and Easier Ways to Obtain a Mortgage
Planning to Buy a Vacation Home with Friends?
Countries with Lowest Interest Rates
Rates are Increasing... Consider these ETFs
SEE FOREX TUTORIAL
Options Transaction Via Day Trading
Can You Afford the Renovation Cost?
Macroeconomics: Basic Concepts
Ethical Investing: Looking Into Ethical Investments
|12:00||Bundesbank Monthly Report|
|16:00||NAHB Housing Market Index||Jul|
|01:30||National CPI ex Fresh Food||Jun|
|01:30||National CPI ex fresh food & energy||Jun|
|03:30||Monetary Policy Meeting Minutes|
|10:00||Current Account (sa)||May|