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In the Sarbanes-Oxley Act of 2002, Congress closed that loophole with a vengeance.
BEN PROTESS EXPLOITING A LOOPHOLE With its staggered board, Illumina would appear to have the armor to withstand a $5.7 billion hostile offer from Roche Holdings.
Lawmakers voted 53 to 46 to close what is known as the "gun show loophole" with 8 Republicans, 44 Democrats and one independent voting for the measure.
Even so, by 2010, when the recession had officially been over for several months, congressional Democrats were talking about closing the carried-interest loophole with renewed seriousness.
"The compromise may end up replacing one big loophole with many small loopholes".Campaigners are also frustrated that there will be no public access to information on trusts, a private financial structure that holds assets for a beneficiary.
In 2010 he helped see off an electoral challenge to its main climate-change law; two years later he bankrolled a successful campaign to close a corporate-tax loophole, with half the proceeds earmarked for energy-efficiency schemes in schools.
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In fact, they want to offset any revenue from closing loopholes with tax cuts.
It is quite another to back that same president when he is pledging to target beloved tax loopholes with the Buffett Rule.
Taxing internationally, closing some of the loopholes with international tax reforms are good.
It's one of several problematic loopholes with Google's implementation of the ECJ ruling, which was handed down in May.
Attempts to close the loopholes with new legislation have failed, including a state constitutional amendment passed in 2004, which made access to government records a civil right, but specifically exempted the legislature.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com