'Loopholes' refer to the detailed provisions of the tax code that are abused by individuals and companies to avoid paying tax.

Name: 'Loopholes' refer to the detailed provisions of the tax code that are abused by individuals and companies to avoid paying tax.
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Loopholes are defined as provisions in the tax code that can be exploited to reduce or eliminate tax liability, often in ways that were not intended by lawmakers.

'Loopholes' Refer to the Detailed Provisions of the Tax Code