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"You'd get a loophole big enough to drive a truck through.
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It remained for Bill Clinton to come in, make an alliance with Phil Gramm, the Republican head of the banking committee--who then goes on to work for the Swiss bank UBS as his reward, and his wife is on the board of Enron that gets a loophole in that very modernization.
And hedge-fund and private-equity managers get a special tax loophole that treats their income as capital gains, at a lower tax rate than ordinary income.
He'll do the tax cuts but fail to get any loophole closing on the other end.
"Business people will always find a loophole to get out of Taiwan," said Mr. Tsao of Prudential.
I've got a number of loopholes.
Be they a Syrian refugee or a jobless Moroccan, anyone with the money to get to the Turkish coast can now in turn get to Greece (a loophole that it seems at least one of the Paris attackers likely exploited).
"Simply put, these two bills create loopholes for defendants to get an edge in court on technicalities," according to a letter from the sheriffs' organization to the California Commission on the Fair Administration of Justice.
In a manifesto laying out his plot, Dorner even argued that it was too easy for people like him to obtain this sort of equipment, which he claimed to have gotten by exploiting a loophole that allowed him to skirt a California law banning silencers.
"The commission is getting rid of a loophole in Europe's state aid rules that France, in particular, has taken advantage of several times in recent years," Mr. Morgan de Rivery said.
Some foreigners use this loophole to avoid getting a visa.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com