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If a lobbyist sets up shop, or a lawyer, in which they're receiving income through what is something like a tax loophole so that it's not counting as corporate income, that is what this is counting as a small business.
Austan Goolsbee

Meaning of "tax loophole" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF TAX LOOPHOLE

tax loophole  [tæks ˈluːpˌhəʊl] play
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GRAMMATICAL CATEGORY OF TAX LOOPHOLE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Tax loophole is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES TAX LOOPHOLE MEAN IN ENGLISH?

tax loophole

Tax avoidance

Tax avoidance is the legal usage of the tax regime to one's own advantage, to reduce the amount of tax that is payable by means that are within the law. Tax sheltering is very similar, and tax havens are jurisdictions which facilitate reduced taxes. The term tax mitigation is sometimes used; its original use was by tax advisers as an alternative to the pejorative term tax evasion. "Tax aggressive" strategies fall into the grey area between commonplace and well-accepted tax avoidance and evasion. However, the uses of these terms vary. Laws known as a General Anti-Avoidance Rule statutes which prohibit "tax aggressive" avoidance have been passed in several developed countries including the United States, Canada, Australia, New Zealand, South Africa, Norway and Hong Kong. In addition, judicial doctrines have accomplished the similar purpose, notably in the United States through the "business purpose" and "economic substance" doctrines established in Gregory v. Helvering and in the UK through the Ramsay case.

Definition of tax loophole in the English dictionary

The definition of tax loophole in the dictionary is a legal way of avoiding the payment of tax, or part of a tax bill, due to a gap in tax legislation.

WORDS THAT RHYME WITH TAX LOOPHOLE


airhole
ˈɛəˌhəʊl
asshole
ˈæsˌhəʊl
borehole
ˈbɔːˌhəʊl
keyhole
ˈkiːˌhəʊl
lamp-hole
ˈlæmpˌhəʊl
loophole
ˈluːpˌhəʊl
manhole
ˈmænˌhəʊl
peephole
ˈpiːpˌhəʊl
pie-hole
ˈpaɪˌhəʊl
pigeonhole
ˈpɪdʒɪnˌhəʊl
pinhole
ˈpɪnˌhəʊl
posthole
ˈpəʊstˌhəʊl
pothole
ˈpɒtˌhəʊl
rathole
ˈrætˌhəʊl
sinkhole
ˈsɪŋkˌhəʊl
suckhole
ˈsʌkˌhəʊl
taphole
ˈtæpˌhəʊl
thumbhole
ˈθʌmˌhəʊl
weephole
ˈwiːpˌhəʊl
wormhole
ˈwɜːmˌhəʊl

WORDS THAT BEGIN LIKE TAX LOOPHOLE

tax exile
tax form
tax haven
tax holiday
tax immunity
tax incentive
tax increase
tax inspector
tax levy
tax liability
tax loss
tax net
tax preparer
tax rate
tax rebate
tax refugee
tax relief
tax return
tax revenue
tax schedules

WORDS THAT END LIKE TAX LOOPHOLE

air hole
arsehole
as a whole
black hole
buttonhole
Committee of the Whole
cubbyhole
doughnut hole
downhole
glory hole
hole
in the hole
knothole
on the whole
ozone hole
porthole
rabbit hole
sound hole
watering hole
whole

Synonyms and antonyms of tax loophole in the English dictionary of synonyms

SYNONYMS

Translation of «tax loophole» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF TAX LOOPHOLE

Find out the translation of tax loophole to 25 languages with our English multilingual translator.
The translations of tax loophole from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «tax loophole» in English.

Translator English - Chinese

税收漏洞
1,325 millions of speakers

Translator English - Spanish

laguna fiscal
570 millions of speakers

English

tax loophole
510 millions of speakers

Translator English - Hindi

कर बचाव का रास्ता
380 millions of speakers
ar

Translator English - Arabic

ثغرة ضريبية
280 millions of speakers

Translator English - Russian

налог лазейка
278 millions of speakers

Translator English - Portuguese

brecha fiscal
270 millions of speakers

Translator English - Bengali

ট্যাক্স উদ্ধার
260 millions of speakers

Translator English - French

échappatoire fiscale
220 millions of speakers

Translator English - Malay

Kelemahan cukai
190 millions of speakers

Translator English - German

Steuerlücke
180 millions of speakers

Translator English - Japanese

税金の抜け穴
130 millions of speakers

Translator English - Korean

세금 허점
85 millions of speakers

Translator English - Javanese

Celah pajak
85 millions of speakers
vi

Translator English - Vietnamese

kẽ hở thuế
80 millions of speakers

Translator English - Tamil

வரி ஓட்டைகள்
75 millions of speakers

Translator English - Marathi

कर संकुचित
75 millions of speakers

Translator English - Turkish

Vergi kaçamak
70 millions of speakers

Translator English - Italian

scappatoia fiscale
65 millions of speakers

Translator English - Polish

luka podatkowa
50 millions of speakers

Translator English - Ukrainian

податок лазівка
40 millions of speakers

Translator English - Romanian

portiță fiscale
30 millions of speakers
el

Translator English - Greek

φορολογικού κενού
15 millions of speakers
af

Translator English - Afrikaans

belasting leemte
14 millions of speakers
sv

Translator English - Swedish

skatt kryphål
10 millions of speakers
no

Translator English - Norwegian

skatt smutthull
5 millions of speakers

Trends of use of tax loophole

TRENDS

TENDENCIES OF USE OF THE TERM «TAX LOOPHOLE»

The term «tax loophole» is regularly used and occupies the 99.660 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
54
/100
The map shown above gives the frequency of use of the term «tax loophole» in the different countries.
Principal search tendencies and common uses of tax loophole
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «tax loophole».

FREQUENCY OF USE OF THE TERM «TAX LOOPHOLE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «tax loophole» during the past 500 years. Its implementation is based on analysing how often the term «tax loophole» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about tax loophole

EXAMPLES

2 QUOTES WITH «TAX LOOPHOLE»

Famous quotes and sentences with the word tax loophole.
1
Austan Goolsbee
If a lobbyist sets up shop, or a lawyer, in which they're receiving income through what is something like a tax loophole so that it's not counting as corporate income, that is what this is counting as a small business.
2
Russell B. Long
A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform.

10 ENGLISH BOOKS RELATING TO «TAX LOOPHOLE»

Discover the use of tax loophole in the following bibliographical selection. Books relating to tax loophole and brief extracts from same to provide context of its use in English literature.
1
Loopholes of the Rich: How the Rich Legally Make More Money ...
"In this book, Loopholes of the Rich, you are going to legally learn how to make more money, keep a whole lot more, and pay less taxes". —from the Foreword by Mark Victor Hansen Co-creator, #1 New York Times bestselling series Chicken ...
Diane Kennedy, 2010
2
The Tax-Free Exchange Loophole: How Real Estate Investors ...
How Real Estate Investors Can Profit from the 1031 Exchange Jack Cummings. ing up to one of the possible delays that can strike a deal, Kevin has built a good case to present to the IRS that even if he runs over the 180 days, he should still ...
Jack Cummings, 2005
3
Congressional Record, V. 144, Pt. 5, April 21, 1998 to April ...
This resolution should be named the tax loophole protection act. And this is how it works. If they can afford a million-dollar tax lobbyist, just hide a special interest tax break in a huge tax bill; and then, once it becomes law, it would require a ...
‎2004
4
Congressional Record, V. 147, Pt. 3, March 8, 2001 to March ...
I do, however, have concerns about using the Internet as a sales tax loophole. Sales taxes go directly to state and local governments and I am very leery of any federal legislation that bypasses their traditional ability to raise revenue to perform ...
Congress
5
Trading Away Our Future: How to Fix Our Government-driven ...
Eliminating this loophole would also lower the exchange rate of the dollar, making American exports more competitive in world markets and when competing with foreign imports in American markets. Eliminating this tax loophole would also ...
Raymond L. Richman, Howard B. Richman, Jesse T. Richman, 2008
6
American Health Policy: Critical Issues for Reform
The inefficiency and unfairness of the tax loophole, however, have not made it a prime candidate for removal. This major loophole survived Ronald Reagan's tax reform and apparently has retained its strong constituency. That constituency ...
Robert B. Helms, 1993
7
Government Failure: A Primer in Public Choice
The government response to an income tax loophole that removes $50 million annually from tax revenues may simply be to raise the basic tax rate so that the tax system with this loophole produces the same tax revenues as it had before.
Gordon Tullock, Gordon L. Brady, Arthur Seldon, 2002
8
Congressional Record, V. 150, PT. 17, October 9, 2004 to ...
Instead of making our air cleaner and protecting our environment, the Republican Hummer tax loophole is making our air dirtier, making our planet warmer, and contributing to the pressure to drill for oil in one of the last pristine ecosystems ...
Congress, U S Congress, 2009
9
Jet
Project Loophole, a 12-member California graduate and undergraduate student summer task force, probing tax laws in the Golden State, revealed that a $20 million tax loophole exists for banks and savings and loan associations, one "that  ...
10
Congressional Record: Proceedings and Debates of the 107th ...
My amendment uses a different mechanism than the House bill to get at the same bad behavior. I have worked with Senator Grassley and Senator Baucus to conform this amendment with their bill that would close the tax loophole. That is what ...

10 NEWS ITEMS WHICH INCLUDE THE TERM «TAX LOOPHOLE»

Find out what the national and international press are talking about and how the term tax loophole is used in the context of the following news items.
1
Budget 2015: George Osborne to remove inheritance tax loophole
Parents will be able to downsize their property without fear of their children missing out on the inheritance tax break promised by the Conservatives, George ... «Telegraph.co.uk, Jul 15»
2
Wolf seeks corporate-tax changes as 'Delaware loophole' law takes …
Wolf's broad proposal to reshape Pennsylvania's corporate-tax structure comes as a 2013 law takes effect that was adopted specifically to close a tax loophole ... «Philly.com, Mar 15»
3
Ed Balls refuses to back Ed Miliband tax loophole
Mr Balls said that he would launch a wide-ranging assessment of all tax loopholes used in financial planning if Labour wins the general election in May. «Telegraph.co.uk, Feb 15»
4
President Obama aims to close tax loophole on corporate profits …
1 (UPI) -- President Barack Obama is planning to close a loophole relating to ... The president plans to enact a one time tax on foreign profits currently held ... «UPI.com, Feb 15»
5
Obama speech to call for closing tax loopholes
WASHINGTON President Barack Obama's State of the Union address will propose closing multibillion-dollar tax loopholes used by the wealthiest Americans, ... «Reuters, Jan 15»
6
Autumn Statement: Chancellor set to close 'patent box' tax loophole
Tax experts also predict the Chancellor will take more action to close corporate tax avoidance loopholes. He has already said he wants to take action against ... «The Independent, Dec 14»
7
Closing Irish Tax Loophole May Spook Corporations but Not Economy
That may be one reason the government decided to act as it did, announcing in October that it would be closing the tax loophole known as the “Double ... «ThinkAdvisor, Nov 14»
8
Ireland to Close 'Double Irish' Tax Loophole
The Irish government moved on Tuesday to close one of the world's best-known corporate-tax loopholes, in a step that could boost overseas income tax for a ... «Wall Street Journal, Oct 14»
9
Crazy corporate tax loopholes? 'Inversions' are small potatoes
Few argue that the loopholes that encourage such tax-driven mergers with foreign companies are fine and dandy. In fact, many lawmakers and tax experts ... «CNNMoney, Sep 14»
10
Why Burger King's tax-dodging ways need to be stopped
These deals — tax loopholes known as inversions — have been going on for some time. But this is the most high profile and, if allowed, will create a tsunami that ... «New York Post, Aug 14»

REFERENCE
« EDUCALINGO. Tax loophole [online]. Available <https://educalingo.com/en/dic-en/tax-loophole>. Apr 2024 ».
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