The phrase "corporate loopholes" refers to legal ways that allow corporations to avoid paying taxes or obeying certain laws, which can give them unfair advantages or help them save money. Full definition
Instead of calling for higher gasoline taxes, his plan seeks to close corporate loopholes in the tax code to fund a $ 302 billion transportation bill for four years. (scientificamerican.com)
Higgins, a Buffalo Democrat, said Saturday that he will use the meeting to push for a tax reform plan that removes corporate loopholes, pays for itself and does not favor those making more than $ 200,000 a year. (buffalonews.com)
After years of indulging in corporate loopholes and giveaways like more than $ 100 million in tax breaks for the new Goldman Sachs headquarters and paying consulting firms hundreds of millions of dollars to work on failed technology projects like CityTime, the Mayor saved one of his largest corporate handouts for the final moments of his tenure: hundreds of millions of dollars for developers through the midtown east rezoning. (uft.org)