luxury tax

An excise tax imposed on high-priced items that are not deemed necessities (such as cars costing more than a specified amount). Cf. sin tax. [Cases: Taxation 1201.1–1345. C.J.S. Indians § 131; Steam§ 4; Taxation §§ 1990–2071.]

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词条贡献者

法律翻译Gwen，毕业于新加坡知名法学院，专注翻译各类与劳工、雇佣及移民有关的法律文件。