Henry Paulson Quotes

If every country tries to race towards the lowest [tax] rate, then in the end nobody gains. If you believe there should be no government at all, then fine. But if you believe some government is good, then you cannot have a system that erodes the tax base in all major countries.

I have long argued that in the modern world, corporation tax has had its day as a major source of tax revenue.

The Laffer Curve illustrates the basic idea that changes in tax rates have two effects on tax revenues: the arithmetic effect and the economic effect.

Corporate tax reform is nice in theory but tough in practice. It most likely requires lower tax rates and the closing of loopholes, which many companies are sure to fight. And whatever new, lower tax rate is determined, there will probably be another country willing to lower its rate further, creating a sad race to zero.

In a perfect world we would bring corporate tax rates down to 25% or less so we can get competitive in the world economy. Ultimately, I would love to see a flat tax.

High tax rates distort economic decision making, and our corporate income tax rate is one of the highest in the world.

I think, in effect, in most of the European countries, the total marginal tax rate is over 50 percent; that's to say, add on other taxes like VAT to the income tax.

It seems difficult to understand that high rates of taxation do not necessarily mean high revenue for the government, and that more revenue may often be obtained with lower tax rates.

It seems idle to speculate in the abstract as to whether or not a progressive income tax schedule rising to rates in excess of 70 percent are justifiable …. The fact is that such rates cannot be successfully collected.

There is no serious statistical evidence in support of the view that tax rates at current levels have a major disincentive effect on economic growth.

I don't think we should reduce the corporate tax rate.

Get rid of the preferences and the special deductions and the loopholes... and invest in getting the tax rate to a competitive level so we stop seeing companies move off shore.

The United States already has the highest corporate tax rate in the world.

Getting rid of the deductibility of state and local taxes will force the highest corporate tax states to lower their rates, or fewer corporations over time will headquarter there.

I think that taxes have to exist. They should exist at the lowest possible level, and to the extent that we can, we shouldn't invent more. Maybe that's my experience being mayor of New York City, where we had so many taxes.

The corporate income tax, in particular, is a tax that puts American corporations at a disadvantage.

The Irish move to a very low corporation tax has generated very significant revenue growth, considerably in excess of Britain's, where a slower economy has been combined with a number of stealth taxes.

Whoever is for higher taxes, feel free to pay higher taxes.

I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.

I do think there is room at the very top for marginal tax changes.

There is an old adage that the quickest way to drop your tax take is to increase taxes. If capital gains tax is going to be 50 percent, my contingent capital gains tax is going to be 250 million pounds.

At the heart of the Irish economy has always been the philosophy of tax competitiveness. On the cranky left, that is very annoying; I can see that.

I don't feel under-taxed in any way at all.

Arthur Laffer has taught us, 'If you tax something, you get less of it.' That's why firms are moving offshore in droves. It's not about being unpatriotic. It's that it doesn't pay, after-tax, to invest in the United States.

Almost everyone agrees that corporate tax rates need to be cut because of global competition. Companies should not be able to stash earnings overseas tax-free.