tax loophole
Shelter in code
A tax loophole is a gap or ambiguity in tax law that allows taxpayers to legally reduce what they owe, often in ways lawmakers didn't intend.
The term carries a negative connotation—exploiting technicalities rather than following the spirit of the law: Wealthy investors use offshore accounts as tax loopholes.
What one person calls a loophole another might call a legitimate deduction.
- tax shelterLegal income-shielding arrangement
- shelterProtected place or structure
- dodgeAvoid by quick movement
- evasionAct of escaping detection
- offshoreAway from land
offshore account · haven · write-off · tax break · deduction · exploit · workaround · scheme · accountant · Panama · Panama Papers · Cayman · shell company · shell game · avoidance · exemption · clever · wealthy
- corporate taxcorporate tax, corporation tax, tax liability, corporate income, tax rates
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- corruptioncorruption, graft, kickbacks, bribery, bribes
- taxationtax, income tax, sales tax, tax return, tax refund
- Corporate Powerlobbying, lobbyist, lobbyists, monopoly, oligarchy
- exemptionsexemption, tax exemption, medical exemption, religious exemption, tax exempt
tax loopholetax compliance
Following taxation laws
tax obligation · tax burden · tax penalty · back taxes · tax bill
loophole, taxes, taxed, taxing, taxable, taxation, taxpayer, taxpayers, loop