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luxury tax - translation to dutch

TAX ON LUXURY GOODS

Luxury Tax

luxury tax

luxe-/weeldebelasting (bijkomstige belasting gelegd op niet noodzakelijke goederen en diensten)

luxury car

MARKETING TERM FOR A VEHICLE THAT PROVIDES LUXURY

Luxury cars; Luxury Car; Luxury Vehicle; Luxury vehicle; Luxury SUV; Luxury Pick-up truck; Luxury Vehicles; Luxury automobile; Near-luxury car; Small-luxury car; Small luxury car; Luxury vehicles; Luxury sedan; Luxobarge; Ultra-luxury car; Luxury utility vehicle; Full-size luxury car; Luxury pickup; Luxury sport utility vehicle

luxueuze auto

punitive tax

EXCISE OR SALES TAX SPECIFICALLY LEVIED ON GOODS DEEMED HARMFUL TO SOCIETY AND INDIVIDUALS (E.G. DRUGS, ALCOHOL, TOBACCO, COFFEE, SUGAR, CANDIES, SOFT DRINKS, FAST FOOD, GAMBLING, PORNOGRAPHY)

Sin taxes; Vice tax; Sin Tax; Punitive tax; Demerit tax; Health tax

zeer hoge belastingen (als straf)

Definition

high-end

High-end products, especially electronic products, are the most expensive of their kind.

...high-end personal computers and computer workstations.

ADJ

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Wikipedia

Luxury tax

A luxury tax is a tax on luxury goods: products not considered essential. A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly directly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc. It may also be applied only to purchases over a certain amount; for instance, some U.S. states charge luxury tax on real estate transactions over a certain limit.

A luxury good may be a Veblen good, which is a type of good for which demand increases as price increases. Therefore, the effect of a luxury tax may be to increase demand for certain luxury goods. In general, however, since a luxury good has a high income elasticity of demand by definition, both the income effect and substitution effect will decrease demand sharply as the tax rises.

https://en.wikipedia.org/wiki/Luxury tax

Examples of use of luxury tax

1. Its party platform two years ago called for a progressive income tax and a luxury tax on items such as cars and yachts. «

2. Chavez recently announced plans for a "luxury tax" targeting second homes, art collections and expensive cars that would be aimed at redistributing wealth to the poor.

3. Maybe the city could just double the luxury–tax charge on the little fellow. ___ On the Net: http://www.pressofac.com ___ May 3 Seattle Post–Intelligencer, on Boomers looming: Listen.

4. He did not give details on the gas price hike, which he said would not affect bus drivers who provide public transportation, or the luxury tax.

5. Though Chavez insists he will respect private property, he plans a new luxury‘‘ tax on everything from second homes to art collections, and the rich will undoubtedly feel the pinch.