Tim Cook Quotes

Ford's federal income tax rate was just 2.3 percent in 2009 even though it made $3 billion in profits.

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

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.

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

Taxing companies, particularly successful multinational companies, is one of the most progressive forms of taxation.

I do think corporations should pay their tax.

I was an international tax specialist. Yeah, I was an international man of mystery and tax specialist.

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

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.

Uncollected sales taxes on Internet purchases cost the states more than $16 billion in 2001.

Business is global. Countries need to react to that; taxes need to be paid where profit arises.

It's not coincidence that the U.S. is in last place in the world in terms of corporate tax rate. It's because our system is set up to block tax reform.

Corporations must pay tax.

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.

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.

We are the only country in the world that taxes foreign earnings.

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.

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.

Most European countries fund their low corporate taxes with some form of a value-added tax, on consumption rather than income.

I think, definitely, this country needs a lower corporate tax rate and tax reform so that we can get our profits that we've made overseas back into the country without heavy penalties. And if that happens, I think that would be very good for the market and all of that.

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

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.

Tax has generated a significant amount of discussion, and companies are forced to do what they can to maintain that global competitiveness and perform.

We need to get a business tax system that makes us competitive to the rest of the world.

We cannot allow American taxpayers to foot the bill for tax revenue grabs in Europe and elsewhere.