Northamptonshire has denied that any of its schools were charging parents, and said breaches of the admissions code were minor technical ones.

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He added that multinationals have been exploiting a mix of loopholes created by Internal Revenue Service regulations, loopholes created by Congress itself, and loopholes the corporate lawyers and accountants have created through technical and questionable readings of the tax code.

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From the outside, hacking computer code has largely been viewed as a technical discipline, not as a theologically rich vision of how to live.

ECONOMIST: Monitor

On top of the Code itself are the related Treasury Regulations, Revenue Rulings, Technical Advice Memorandums, Revenue Procedures, etc.

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In early February, due to a technical oversight on our part, some raw transaction data appeared within the HTML code on some Blippy pages for about half a day.

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The interface is intuitive enough for non-technical people to deal with, but give designers and developers access to the underlying code to set things up any way a client wants.

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In the case of "technical debt", Mr Lesokhin believes this involves committing resources to work out which parts of banks' dormant code are most likely to turn zombie to avoid potentially calamitous consequences.

BBC: Why banks are likely to face more software glitches in 2013