tax law loophole

Although the SEC's investigation of the transaction cleared Thaksin of all wrongdoing, critics have still accused him of insider trading, use of tax law loopholes, selling out the nation, and other offenses.

Lawmakers said today that the Enron Corporation had agreed to waive tax-privacy protections and provide tax records for the last 17 years to the Senate Finance Committee, which has begun an investigation into whether the company improperly avoided paying taxes or exploited tax law loopholes.