tax loophole
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.
Words nearby tax loophole
tax evasion, tax exile, tax expenditure, tax haven, tax holiday, tax loophole, tax loss, tax rate, tax relief, tax return, tax sale
The New Dictionary of Cultural Literacy, Third Edition
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