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English to French translations [Non-PRO] Bus/Financial
English term or phrase:loop holing
Building trust in corporations and government is a central theme. All too often, this has been viewed as a matter of additional regulation. Many proponents of greater regulation believe that by creating more elaborate rules and disclosure requirements, systemic trust will result. While these approaches may appear sensible, recent experience suggests that they have perverse consequences. A culture of exploiting these new rules and disclosure requirements becomes a possibility. A plethora of rules creates a legalistic environment where loop holing those rules may be seen to be an acceptable intellectual pursuit.
Explanation: A quick explanation: The Alternative Minimum Tax was levied on the superrich in 1987 (and on corporations going back to the 1960s).
It is designed to prevent the super-rich from loopholing their way out of paying their fair share in taxes
loophole is the noun
loopholing is a verb = to use a loophole to one's advantage