luxury tax

English - Turkish

Definition of luxury tax in English Turkish dictionary

lüks vergisi

English - English

Definition of luxury tax in English English dictionary

Any tax on the sale of items not considered to be essential to a reasonable standard of living; either to increase revenue, or to discourage the use of certain articles

tax imposed on non-essential goods and services

Excise levy on goods or services considered to be luxuries rather than necessities (e.g., jewelry and perfume). Luxury taxes may be levied with the intent of taxing the rich or in a deliberate effort to alter consumption patterns, either for moral reasons or in times of national emergency. Today revenue productivity generally overshadows the moral argument

Hyphenation

lux·u·ry tax

Turkish pronunciation

lʌgjıri täks

Pronunciation

/ˈləgᴢʜərē ˈtaks/ /ˈlʌɡʒɜriː ˈtæks/