tax loophole

Cultural  

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.

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Example Sentences

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tax loophole

Some have pointed to social-media posts by Bill Ackman, the billionaire hedge-fund manager based in New York, suggesting the closure of a tax loophole the ultrawealthy sometimes use as a better alternative for raising revenue.

From The Wall Street Journal ● Jan. 10, 2026

Of course, this isn’t the only tax loophole the family has exploited.

From Salon ● Mar. 27, 2024

It’s almost enough to make you long for a corporate lobbyist who just wants a tax loophole extended.

From Slate ● Jan. 2, 2024

Labour planned, he said, to close a "tax loophole that non-doms benefit from" and invest the "billions that would bring in" to build up "staff capacity".

From BBC ● Oct. 4, 2023

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

From The Nation's River A report on the Potomac from the U.S. Department of the Interior by United States. Dept. of the Interior.