States impose a separate (or increased) tax on certain products that are considered luxury goods. In addition to generating income, these taxes also have a steering effect and are intended to limit the demand for luxury goods. In Germany, a form of luxury tax was levied as part of sales tax from 1918-1923. Currently, Australia and South Korea are examples of countries that levy such taxes.
Luxury tax
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Weitere Erklärungen zu Steuern
- Income tax: business expenses, special expenses and extraordinary burdens
- Revenue sovereignty
- Competing Legislation
- Survey procedure
- Place of management in tax law
- Legal sources
- Transparency principle
- Tax entanglement
- Synthetic tax
- Schedule tax
- Import sales tax (acquisition tax)
- Performance principle
- What is tax evasion and black money?
- Income tax assessment
- Expense taxes
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