Margrethe Vestager Quotes

A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform.

I forget what the relevant American rate is, but I can tell you that our goal is to have a combined federal-provincial corporate tax rate of no more than 25 percent. We're on target to do that by 2012. We will have significantly - by a significant margin the lowest corporate tax rates in the G-7, and that's our - our government's objective.

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

I don't blame anybody for using the tax code to their advantage.

The avoidance of taxes is the only intellectual pursuit that still carries any reward.

Accelerated depreciation helps companies bring forward capital-intensive investments by reducing payback time. It's not a hand out. Companies still have to pay the tax, but they simply get to defer it.

Whenever you find a tax loophole, someone else is going to call it a tax incentive.

I am not evading tax in any way, shape or form. Now of course I am minimizing my tax and if anybody in this country doesn't minimize their tax they want their heads read because as a government I can tell you you're not spending it that well that we should be donating extra.

Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes.

If you, as a company, can get a deal that I, as a company, cannot get, you can compete with me but not on the merits, because your tax burden is not the same as mine.

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

Income splitting is not a wise investment for Canadians.

Foreign investors like decisiveness; they like clarity. There isn't any confusion about Ireland's corporate tax rate: it is 12.5%. End of story.

Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.

I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.

No matter who you are, if you have a $30 operating loss, you can carry it forward to the next year. And poor people do take advantage of that, also.

There's always another loophole to get out of the tax code.

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.

We can’t write a tax law that their lawyers can’t get around.

The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted

They rich hire lawyers and accountants for a reason when it comes to taxes. That is to slip the bill and stick you with it.

The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.

In this country, we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax.

President Obama always gives lip service to lowering the corporate tax rate, but he never specifies a particular rate or an overall plan.

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.