On 11/29/05, Mike Anderson <
[EMAIL PROTECTED]> wrote:
seanadams Wrote:
> A loophole, by definition, is legitimately working around the "spirit"
> of the law.
You've got it backwards. Loopholes are usually thought of as working
around the -letter- of the law, while violating the -spirit- of the
law.
Whether or not that's technically illegal depends on the standards
applied by a court. In tax law, for example, a structure may follow
the letter of the law, yet still be illegal if it clearly takes
advantage of a loophole in the law that was never intended by the
drafters of the statute.
--
Mike Anderson
'FREE RADICAL
RADIO!' (http://nvo.com/cd) Hours of free radical MP3s.
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