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
How to use tax loophole in a sentence
Have you tried to access the research that your tax dollars finance, almost all of which is kept behind a paywall?
His life as a man is built around health insurance and tax services.Houellebecq’s Incendiary Novel Imagines France With a Muslim President|Pierre Assouline|January 9, 2015|DAILY BEAST
Cocaine busts, tax cheats, and bribe-taking, born-again Christians: Welcome to the political scandals of 2014.
In response to the screen quota cut, South Korea established a “cinema tax” on the box office.Propaganda, Protest, and Poisonous Vipers: The Cinema War in Korea|Rich Goldstein|December 30, 2014|DAILY BEAST
But, they added, that body scanners are absent at local airports, which they called “this large loophole.”A Gift to the Jihadis: The Unseen Airport Security Threat|Clive Irving|December 27, 2014|DAILY BEAST
The law went into operation in England imposing a tax on wearing hair powder.The Every Day Book of History and Chronology|Joel Munsell
In former years, Korea had paid an annual tribute or tax to China, but for some time it had been held back by this king.Our Little Korean Cousin|H. Lee M. Pike
Mr. Jackson supposed that Parliament had a right to tax America, but he much doubted the expediency of the present act.
In tax-paying circles it is said that the fashionable thing will be to start now and let the airship overtake you if it can.
The stamps, in remote districts, would frequently require more in postage to obtain than the value of the tax.