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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. Income taxes We account for income taxes using an asset and liability approach, which requires the recognition of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in our financial statements or tax returns. The measurement of current and deferred tax assets and liabilities is based on provisions of enacted tax laws; the effects of future changes in tax laws or rates are not anticipated. If necessary, the measurement of deferred tax assets is reduced by the amount of any tax benefits that are not expected to be realized based on available evidence. We report a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. We recognize interest and penalties, if any, related to unrecognized tax benefits in income tax expense. This excerpt taken from the EBAY 10-Q filed Apr 28, 2009. Note 10 — Income Taxes The following table reflects changes in unrecognized tax benefits for the three-month period ended March 31, 2009 (in thousands):
As of March 31, 2009 our liabilities for unrecognized tax benefits were included in deferred and other tax liabilities, net. The total liabilities for unrecognized tax benefits and the increase of these liabilities in the current period relate primarily to the allocation of revenue and costs among our global operations. Over the next twelve months, our existing tax positions will continue to generate an increase in liabilities for unrecognized tax benefits. We recognize interest and/or penalties related to uncertain tax positions in provision for income taxes. The amount of interest and penalties accrued at March 31, 2009 was approximately $59.4 million.
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We are subject to taxation in the U.S. and various states and foreign jurisdictions. We are under examination by certain tax authorities for the 2003 through 2005 tax years. The material jurisdictions that are subject to potential examination by tax authorities for tax years after 2002 include, among others, the U.S., California, France, Germany, Italy, Switzerland and Singapore. These excerpts taken from the EBAY 10-K filed Feb 20, 2009. Income
taxes
We account for income taxes using an asset and liability
approach, which requires the recognition of taxes payable or
refundable for the current year and deferred tax liabilities and
assets for the future tax consequences of events that have been
recognized in our financial statements or tax returns. The
measurement of current and deferred tax assets and liabilities
is based on provisions of enacted tax laws; the effects of
future changes in tax laws or rates are not anticipated. If
necessary, the measurement of deferred tax assets is reduced by
the amount of any tax benefits that are not expected to be
realized based on available evidence.
We account for uncertain tax positions in accordance with FASB
Interpretation No. 48, “Accounting for Uncertainty in
Income Taxes” (FIN 48). Accordingly, we report a
liability for unrecognized tax benefits resulting from uncertain
tax positions taken or expected to be taken in a tax return. We
recognize interest and penalties, if any, related to
unrecognized tax benefits in income tax expense.
Income taxes We account for income taxes using an asset and liability approach, which requires the recognition of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in our financial statements or tax returns. The measurement of current and deferred tax assets and liabilities is based on provisions of enacted tax laws; the effects of future changes in tax laws or rates are not anticipated. If necessary, the measurement of deferred tax assets is reduced by the amount of any tax benefits that are not expected to be realized based on available evidence. We account for uncertain tax positions in accordance with FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” (FIN 48). Accordingly, we report a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. We recognize interest and penalties, if any, related to unrecognized tax benefits in income tax expense. These excerpts taken from the EBAY 10-K filed Feb 29, 2008. Income
taxes
We account for income taxes using an asset and liability
approach, which requires the recognition of taxes payable or
refundable for the current year and deferred tax liabilities and
assets for the future tax consequences of events that have been
recognized in our financial statements or tax returns. The
measurement of current and deferred tax assets and liabilities
is based on provisions of enacted tax laws; the effects of
future changes in tax laws or rates are not anticipated. If
necessary, the measurement of deferred tax assets is reduced by
the amount of any tax benefits that are not expected to be
realized based on available evidence.
We account for uncertain tax positions in accordance with
Financial Accounting Standards Board (“FASB”)
Interpretation No. 48, “Accounting for Uncertainty in
Income Taxes” (“FIN 48”). Accordingly, we
report a liability for unrecognized tax benefits resulting from
uncertain tax positions taken or expected to be taken in a tax
return. We recognize interest and penalties, if any, related to
unrecognized tax benefits in income tax expense.
Income taxes We account for income taxes using an asset and liability approach, which requires the recognition of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in our financial statements or tax returns. The measurement of current and deferred tax assets and liabilities is based on provisions of enacted tax laws; the effects of future changes in tax laws or rates are not anticipated. If necessary, the measurement of deferred tax assets is reduced by the amount of any tax benefits that are not expected to be realized based on available evidence. We account for uncertain tax positions in accordance with Financial Accounting Standards Board (“FASB”) Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” (“FIN 48”). Accordingly, we report a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. We recognize interest and penalties, if any, related to unrecognized tax benefits in income tax expense. This excerpt taken from the EBAY 10-Q filed Apr 25, 2007. Note 9 —
Income Taxes
On January 1, 2007, we adopted the provisions of Financial
Standards Accounting Board Interpretation No. 48,
Accounting for Uncertainty in Income Taxes
(“FIN 48”). As of January 1, 2007, we
had $385.7 million of liabilities for unrecognized tax
benefits. If recognized, the portion of liabilities for
unrecognized tax benefits that would decrease our provision for
income taxes and increase our net income is $279.6 million.
The impact on net income reflects the liabilities for
unrecognized tax benefits net of certain deferred tax assets and
the federal tax benefit of state income tax items. The adoption
resulted in a reclassification of certain tax liabilities from
current to non-current and no significant cumulative impact to
retained earnings. As of March 31, 2007, our liabilities
for unrecognized tax benefits totaled $406.5 million and
are included in deferred and other tax liabilities, net. The
total liabilities for unrecognized tax benefits and increase for
the current period of these liabilities relate primarily to the
allocations of revenue and costs among our global operations.
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
We are subject to taxation in the U.S. and various states and
foreign jurisdictions. We are under examination by certain tax
authorities for the 2003 tax year. The material jurisdictions
that are subject to examination by tax authorities for tax years
after 2002 primarily include California, U.S. and Switzerland.
Table of Contents
This excerpt taken from the EBAY 10-K filed Feb 28, 2007. Income
taxes
We account for income taxes using an asset and liability
approach, which requires the recognition of taxes payable or
refundable for the current year and deferred tax liabilities and
assets for the future tax consequences of events that have been
recognized in our financial statements or tax returns. The
measurement of current and deferred tax assets and liabilities
is based on provisions of enacted tax laws; the effects of
future changes in tax laws or rates are not anticipated. If
necessary, the measurement of deferred tax assets is reduced by
the amount of any tax benefits that are not expected to be
realized based on available evidence.
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