loophole

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Related to Loopholes: Tax Loopholes

arrow loop, loophole

arrow loop
A vertical slit for archers in medieval fortification walls, with jambs deeply splayed toward the interior.

loophole

1. See arrow loop.
2. In a fortification, one of a number of long, narrow slits in the walls, usually widening inward to permit small arms to be fired over a wide angle at an enemy.
3. Same as slit ventilator.
References in periodicals archive ?
Inversion loopholes allow American companies to skirt tax obligations, and its just plain wrong.
Panelo criticized Carpio for exposing the loopholes in the $62-million Chico River Pump Irrigation Project loan agreement, saying the justice was siding with China while making public his reservations about the deal.
According to a report on South China Morning Post, Qin Qisheng spotted a loophole in the bankaACAOs core OS which meant cash withdrawals made around midnight were not recorded.
You can just see their attitude of taking advantage of the loopholes. You'll know how they will react when they are in office," Caritos explained.
Sander Levin reintroduced their bill to close the carried interest loophole.
That does not mean the fight over the carried interest tax loophole is dormant: On the contrary, in states near the New York City epicenter of the hedge fund and private equity industries, lawmakers are pursuing a coordinated strategy to close the loophole and recoup billions for their state's operating budgets.
However, because of a variety of loopholes, many wealthy individuals and corporations paid little or no taxes.
Unions have warned the move would make it easier for workers to be sacked and could be used as a tax loophole by companies.
Baillie said: "Despite reassurance from the SNP government at the time, there appear still to be gaping loopholes in the legislation that are now being exploited by supermarkets.
The regulator will soon take measures aimed at stopping banks understating losses by using loopholes in regulations.
Jockey Club chief executive Simon Bazalgette said it was time loopholes were closed to assist what is Britain's second most popular sport behind football in terms of crowd numbers.
16, 2010, SPA -- US President Barack Obama on Saturday said he wants to strengthen the labor market by closing tax loopholes that would encourage companies to send jobs overseas.