Luxury Brand Holding Companies

	Luxury Brand Holding Companies Luxury may refer to: Luxury goods, an economic good or service for which demand increases more than proportionally as income rises Luxury tax, tax on products not considered essential, such as expensive cars *Luxury tax (sports), surcharge put on the aggregate payroll of a sports team to the extent to which it exceeds a predetermined guideline level set by the league Luxury car, expensive automobiles Luxury train, expensive tourist trains Luxury yacht, expensive privately owned, professionally crewed yacht Luxury apartment, a type of property that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience Luxury hotel, high-quality amenities, full-service accommodations and the highest level of personalized services Luxury resort, exclusive vacation facilities Luxury box, term for a special seating section in arenas, stadiums and other sports venues Luxury magazine, magazines devoted to fine craft and luxury goods Music ... [...More Info...] [...Related Items...] OR:* [Wikipedia] [Google] [Baidu]
picture info	Luxury Goods In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. ''Luxury goods'' is often used synonymously with ''superior goods''. Definition The word "luxury" originated from the Latin word ''luxuria'', which means exuberance, excess, or abundance. A luxury good can be identified by comparing the demand for the good at one point in time against the demand for the good at a different point in time, at a different income level. When personal income increases, demand for luxury goods increases even more than income does. Conversely, when personal income decreases, demand for luxury goods drops even more than income does. For example, if income rises 1%, and the demand for a product rises 2%, then the product is a luxury good. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	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. Theory Luxury tax is based on the concept of positional goods, which are scarce goods whose value arises as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Luxury Tax (sports) A luxury tax in professional sports is a surcharge put on the aggregate payroll of a team to the extent to which it exceeds a predetermined guideline level set by the league. The ostensible purpose of this "tax" is to prevent teams in major markets with high incomes from signing almost all of the more talented players and hence destroying the competitive balance necessary for a sport to maintain fan interest. The money derived from the "tax" is either divided among the teams that play in the smaller markets, presumably to allow them to have more revenue to devote toward the contracts of high-quality players, or in the case of Major League Baseball, used by the league for other pre-defined purposes. In North America, Major League Baseball has implemented the luxury tax system. The National Basketball Association also has a luxury tax provision; its utility is somewhat limited by the fact that the league also has a salary cap provision. The "hard" salary cap of the National Football ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]