Definition of a loophole
WebMay 7, 2024 · The proposed rule would modernize the definition of “frame or receiver” and help close a regulatory loophole associated with the un-serialized privately made firearms that are increasingly being recovered at crime scenes across the country. These unmarked firearms, known as “ghost guns,” are often assembled from kits that are sold ... WebLOOPHOLE meaning: an error in the way a law, rule, or contract is written that makes it possible for some people to legally avoid obeying it
Definition of a loophole
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WebApr 18, 2024 · Loophole: A technicality that allows a person or business to avoid the scope of a law or restriction without directly violating the law. Used often in discussions of taxes and their avoidance ... Webloophole definition: 1. a small mistake in an agreement or law that gives someone the chance to avoid having to do…. Learn more.
WebApr 10, 2024 · Close a loophole definition: When you close something such as a door or lid or when it closes , it moves so that a... Meaning, pronunciation, translations and … WebDefinition of Loophole. a mistake or vagueness in a regulation or law that allow all or part of it to be avoided or changed. Examples of Loophole in a sentence. Since the contract did not include the deadline for the work to be completed, the handyman found a loophole in the contract so he couldn’t be taken to court.
Webtax loophole in British English. (tæks ˈluːpˌhəʊl ) noun. tax. 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 thinks will net up to $27 billion a year. Collins English Dictionary. WebMar 13, 2024 · The basic definition of a tax loophole is a provision in the tax code that allows taxpayers to reduce their tax liability. Though this definition should be expanded to include shortcomings of the law that were not obvious when legislated. Many loopholes are unintended, meaning that they weren’t foreseen by the regulators or legislators who ...
WebApr 13, 2024 · The ridiculous loophole the AFL needs to close. Kane Cornes AFL columnist. April 13, 2024 — 3.30pm ... It is in the definition of a kick. When is a kick a kick? Collingwood young gun Nick Daicos.
WebOct 1, 2024 · An example of a tax loophole is the tax break for small businesses who invest in ' heavy vehicles'. The tax break applies if the vehicle is used at least 50% of the time for the business. Business owners may exploit this loophole by upgrading their own vehicles to SUVs, which are considered 'heavy' under the tax law, and thereby gain a personal ... dawn dish soap unscentedWebLoophole. An omission or Ambiguity in a legal document that allows the intent of the document to be evaded. Loopholes come into being through the passage of statutes, the … dawn dish soap white laundryWeb20 hours ago · A former Navy reservist who stormed the U.S. Capitol on Jan. 6, 2024, and expressed admiration for Adolf Hitler has been sentenced to three years in prison on firearms charges. The sentence imposed Thursday in federal court in Alexandria, Virginia, was only slightly less than what was sought by federal prosecutors and much longer than … dawn dish soap vs palmoliveWebMay 7, 2024 · Justice Department Proposes Rule Updating ‘Firearm’ Definition and Plugging ‘Ghost Gun Loophole’. Adam Klasfeld May 7th, 2024, 6:02 pm. In a move said to update the definition of a firearm for the first time since 1968, the Justice Department on Friday proposed a rule on Friday aiming to patch what has become known as the “ghost … gateway generalWebloophole Bedeutung, Definition loophole: 1. a small mistake in an agreement or law that gives someone the chance to avoid having to do…. gateway general contractingWebApr 9, 2024 · A large part of the world's supply of diamonds comes from Russia. The U.S. and Europe may try to cut off the revenue the country is raising from the gems given the war in Ukraine. gateway ged program onlineWebApr 10, 2024 · loophole ( third-person singular simple present loopholes, present participle loopholing, simple past and past participle loopholed ) ( military, transitive) To prepare a building for defense by preparing slits or … gateway general sslengine problem