Taxation of Luxury Goods
51st International Scientific Conference on Economic and Social Development: Book of Proceedings
Countries are engaged in a tax competition that leads to a reduction of the budget revenue. The
aim of this research is to evaluate taxation of the luxury goods, to evaluate their potential
distributional effect and types of goods to be taxed. Results demonstrate that tax on luxury
goods could be used to compensate the reduction of tax revenues. The tax on luxury goods
would reduce the regressive tax burden of consumption taxes. However, there is a need for
more studies of what goods could be considered a luxury as well as how to organize tax
administration in open markets.
consumption tax, luxury goods, tax on luxury goods, the tax burden
Jurušs, M., Brizga, J., Gasūne, L., Skribans, V. Taxation of Luxury Goods. In: 51st International Scientific Conference on Economic and Social Development: Book of Proceedings, Morocco, Rabat, 26-27 March, 2020. Varazdin, Croatia: Varazdin Development and Entrepreneurship Agency and University North, 2020, pp.622-630. ISSN 1849-7535.