GlobalTax Policy
eBay has a strong focus on corporate responsibility, and we see responsible administration andpayment of taxation as an important duty of our business. Compliance with our tax obligations iskey to managing our tax risk. We understand the importance of tax in the wider context of businessdecisions and have processes in place to ensure tax matters are addressed appropriately as part ofour decision-making process.
Our Principles
eBay is committed to complying with all applicable

We respect the tax laws applicable in each country.

tax laws, and as such aims to comply with the spirit
as well as the letter of the law in all countries wherewe operate. The company is also guided by relevantinternational standards, including the OECDGuidelines. eBay has a low risk appetite in relation

We employ tax professionals with relevant
qualifications and technical experience to ensure ourtax risk is effectively managed within our risk
tolerance threshold.

to tax matters and assessing tax risk, and making
such decisions against the backdrop of ourreputation and integrity.

Management and GovernanceWe evaluate tax matters as part of our overall businessstrategy. Our employees are trained on the importanceof compliance, including how to detect and evaluate

We interact with tax authorities in an honest andtransparent manner. When it is relevant and feasible, wehave upfront conversations with the tax authorities incountries where we operate in order to minimize
uncertainty on both sides. In this context and in order toprovide certainty and transparency regarding the tax
treatment of business transactions, eBay may enter intoagreements with the tax authorities or participate inbusiness risk review or similar programs with tax
authorities so that key tax issues and business changes
can be discussed in an open and real time mannerpotential compliance issues and take appropriate
actions to mitigate risks. We also provide sellers withtax resources to support our requirement that they must
pay taxes associated with using eBay, in accordance withall applicable laws.
In addition to our internal audit function and independent
external auditors, eBay’s Board of Directors' Audit
Committee assists with the governance and oversight on
tax matters: the charter of which can be found on ourInvestor Relations website.
The Audit Committee meets with our independent
auditors to review the results of the annual audit and todiscuss our financial statements, including theindependent auditors’ judgment about the quality ofaccounting principles, the reasonableness of significantjudgments, the clarity of the disclosures in our financialstatements, and any other matters required to be
Global Tax Policy

We adhere to the philosophy that profits should betaxed where value is created, in accordance with theOECD guidelines on transfer pricing. eBay also respects
and follows the regulations of the countries in which oursubsidiaries are located when determining the prices ofinter-company transactions. eBay conducts its intercompany transactions at prices consistent with thearm’s length standard and prepares transfer pricing
documentation to support the transfer pricing methods
applied, consistent with both OECD and localrequirements. eBay believes that following the arm’s
length principle ensures that parties to the intra-grouptransactions are appropriately remunerated, that
accountability and transparency of transactions areensured.
We do not use secrecy jurisdictions or “tax-havens”, asdefined by the OECD, for tax avoidance or savings.

Sellers are encouraged to follow all tax regulations
that apply to eBay sales.

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GlobalTax Policy
statements, and any other matters required to becommunicated to the Audit Committee by the Independent
auditors under generally accepted auditing standards.
The Risk Committee receives reports from our Chief
Compliance Officer regarding eBay’s compliance risk
management program; and reviews management actions
to support eBay’s compliance with applicable laws
and regulations.
In our most recent financial statements, income taxes
were a critical accounting matter that was required to becommunicated to the Audit Committee. Our external auditor
performed specific procedures which included testing theeffectiveness of controls relating to income taxes, including
controls over uncertain tax positions and the provision forincome taxes. These procedures also included, amongothers, evaluating tax positions taken by management,
including evaluating the reasonableness of management’s
determination of the probability of sustaining the position
under tax examination, evaluating communications with therelevant tax authorities, testing applicable tax rates applied
by management, and evaluating the impact of taxes on
foreign earnings.
This policy has been reviewed and approved by eBay's
Board of Directors' Audit Committee.

Global Tax Policy

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