Business Dictionary :
Loophole



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Loophole : noun : to find a loophole in the law = to find a means of legally avoiding the law

  • To find a tax loophole = to find a means of legally not paying tax

    • QUOTE : Because capital gains are not taxed but money taken out in profit is taxed, owners of businesses will be using accountants and tax experts to find loopholes in the law. (Toronto Star)













































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