luxury tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “luxury tax” in the English Dictionary

"luxury tax" in Business English

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luxury taxnoun [C or U]

uk   us   TAX
a ​tax on ​expensivegoods that are not necessary but are ​bought for pleasure: a luxury tax on sth The ​government is considering ​imposing a ​luxurytax on ​jewellery.
(Definition of luxury tax from the Cambridge Business English Dictionary © Cambridge University Press)
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