regulatory loopholes
Exploitable rule omissions
Regulatory loopholes are gaps or ambiguities in laws and regulations that allow people or companies to comply with the letter of the law while circumventing its intent.
The image is of a hole in a fence—technically you haven't broken through, you've just found where the barrier doesn't reach: Tax attorneys specialize in finding regulatory loopholes.
The term usually carries a note of criticism, implying that someone is gaming the system.
- exemptionsReleases from obligation
- workaroundsIndirect solutions to problems
- tax havensLow-levy jurisdictions for assets
- tax shelterLegal income-shielding arrangement
- offshoreAway from land
Swiss bank account · shell companies · corporate veil · shell game · fine print · technicalities · letter of the law · exploits · gray area · compliance · evasion · dodging · gaps · oversight · escape clause · creative accounting · backdoor · skirting
regulatory loopholeszero-tolerance policies
Automatic penalties without discretion
regulatory, regulate, regulation, regulations, regulator, regulators, regulative, regulated, regulating