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https://www.careerride.com/view/is-the-excise-tax-on-jewelers-reasonable-26641.aspx
Jewelers everywhere have resorted to protests and strikes about the reintroduction of tax on jewelers as stated in Union Budget 2016. The excise duty of 1 per cent on gold and diamond jewelry was announced by finance minister Arun Jaitley and ever since then, Indian Bullion and Jewellers Association (IBJA) has not breathed the air of peace.
http://archives.cpajournal.com/old/11583345.htm
The controversy arises from ambiguities in the determination of tax liabilities for the automobile, boat, aircraft, jewelry, and fur industries. The excise tax is intended to reduce the federal deficit by enforcing a 10% surcharge on high-priced products but unjustly levies the tax on …
https://www.wsj.com/articles/SB10001424052702304363104577389443337247370
Indian Finance Minister Pranab Mukherjee removed the excise tax on sales of all gold jewelry, a move that will calm retailers who went on strike when the scope of the levy was widened in March.
https://www.sapling.com/5540703/avoid-items-like-diamonds-jewelry
Oct 18, 2009 · As of 2018, California had the highest state tax rate in the country — at 7.5 percent. The addition of local taxes, such as the 1.5 percent charged in Los Angeles County, brings the total sales tax for purchases in that county to 9 percent. This adds $4,500 in sales taxes to a $50,000 purchase of diamonds or jewelry. Video of the DayAuthor: Scott Krohn
https://www.chegg.com/homework-help/jurisdiction-z-levies-excise-tax-retail-purchases-jewelry-wa-chapter-2-problem-9ap-solution-9780077720841-exc
Jurisdiction Z levies an excise tax on retail purchases of jewelry and watches. The tax equals 3 percent of the first $1,000 of the purchase price plus 1 percent of the purchase price in excess of $1,000.
https://www.taxandtradelaw.com/jewellerytaxduties.html
Previously, manufacturers paid an excise tax of 10% on the sale price of jewellery manufactured in Canada , and importers paid an excise tax of 10% on the duty-paid value of imported jewellery, pursuant to section 5 of Schedule I of the Excise Tax Act. Some exceptions to this general rule included religious articles, watches less than $50, and gems and jewellery under $3.
https://www.investopedia.com/terms/l/luxury_tax.asp
Jul 19, 2020 · The mansion tax and sin taxes both fall into the category of luxury taxes. But what about a tax only on yachts, or jewelry, or real estate valued at more than $1 million?
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