tax loophole definition
A provision in the laws governing taxation that allows people to reduce their taxes. The term has the connotation of an unintentional omission or obscurity in the law that allows the reduction of tax liability to a point below that intended by the framers of the law.
noun (pl) -men 1. a collector of taxes 2. (informal) a tax-collecting body personified: he was convicted of conspiring to cheat the taxman of five million pounds
1. a combining form representing taxis1, in compound words: taxonomy.
Trademark. 1. a chemical substance derived from a yew tree of the Pacific Coast: used experimentally as a drug in the treatment of cancer. Taxol Tax·ol (tāk’sôl’) Trademark for drug developed from the toxin of specific types of yew trees and bushes and used to kill dividing cells, especially tumor cells.
noun, plural taxa [tak-suh] /ˈtæk sə/ (Show IPA) 1. a taxonomic category, as a species or genus. noun (pl) taxa (ˈtæksə) 1. (biology) any taxonomic group or rank taxon tax·on (tāk’sŏn’) n. pl. tax·a (tāk’sə) A taxonomic category or group, such as a phylum, order, family, genus, or species. taxon (tāk’sŏn’) Plural taxa A taxonomic […]