What Is a Luxury Tax?

A luxury tax is a tax that is levied on items that are considered to be luxuries. The items that are subject to luxury tax vary from country to country, but typically include items such as jewelry, furs, and expensive automobiles. The luxury tax is usually imposed at a higher rate than the standard sales … Read more

What is a trade agreement?

We speak of a commercial agreement to refer to the bilateral agreement that occurs between the companies or states that participate in the pact. The main objective of this type of agreement is to satisfy the needs of each of the parties involved, in order to increase the possibilities of commercial exchange between companies or … Read more