a legal way of avoiding the payment of tax, or part of a tax bill, due to a gap in tax legislation
The government plans to close some 70 tax loopholes used by companies, which it thinkswill net up to $27 billion a year.
Examples of 'tax loophole' in a sentence
tax loophole
It is right for the government to close tax loopholes but it needs to be careful that it doesn't discourage people from making Britain their economic centre.