tax loophole

1. A provision in the laws governing taxation that allows people to reduce their taxes. The term has the connotation of an unintentional omission or obscurity in the law that allows the reduction of tax liability to a point below that intended by the framers of the law.

Example Sentences

Lloyd Grove talks to tax lawyers about the estate tax loophole presenting a powerful moral dilemma.

From The Daily Beast

For that matter, the usual form of tax relief on agricultural land can be used as a tax loophole by speculators.

From Project Gutenberg