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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. Provision for Income Taxes
The provision for income taxes differs from the amount computed by applying the statutory U.S. federal rate principally due to foreign income with lower tax rates and from tax credits that lower the effective tax rate, offset by state taxes, subsidiary losses and an impairment charge in 2007 for which we have not provided a benefit and other factors that impact the effective tax rate. The lower effective tax rate in 2009 compared to 2008 was due primarily to the gain resulting from the disposal of Skype (including the impact of the Skype legal settlement) which was not taxable, as well as a benefit from a ruling issued by a tax authority partially offset by a tax provision related to a legal entity restructuring. The lower effective tax rate in 2008 compared to 2007 was due to the goodwill impairment charge in 2007 with respect to our Communications reporting unit which is non-deductible for tax purposes, partially offset by a tax benefit from a ruling issued by a tax authority related to prior periods recognized in 2007. From time to time, we engage in certain intercompany transactions and legal entity restructurings. We consider many factors when evaluating these transactions, including the alignment of our corporate structure with
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Table of Contentsour organizational objectives, the operational and tax efficiency of our corporate structure, as well as the long- term cash flows and cash needs of our different businesses. These transactions may impact our overall tax rate and/or result in additional cash tax payments. The impact in any period may be significant. These transactions may be complex in nature and the impact of such transactions on future periods may be difficult to estimate. In 2009, we completed a legal entity restructuring. The tax impact of this restructuring is included in our 2009 provision for income taxes. We expect that the restructuring transaction will result in a cash payment for taxes in the first quarter of 2010 of approximately $207.4 million. This excerpt taken from the EBAY 10-Q filed Apr 28, 2009. Provision for Income Taxes
The provision for income taxes differs from the amount computed by applying the statutory U.S. federal rate principally due to foreign income with lower tax rates and from tax credits that lower the effective tax rate, offset by state taxes and subsidiary losses for which we have not provided a benefit and other factors that impact the effective tax rate. The lower effective tax rate in the first quarter of 2009, compared to the same period of the prior year, was due to the expansion of our international operations resulting in favorable changes to a shift in our profitability mix. These excerpts taken from the EBAY 10-K filed Feb 20, 2009. Provision
for Income Taxes
The provision for income taxes differs from the amount computed
by applying the statutory U.S. federal rate principally due
to foreign income with lower tax rates and from tax credits that
lower the effective tax rate, offset by state taxes, subsidiary
losses and an impairment charge in 2007 for which we have not
provided a benefit and other factors that impact the effective
tax rate.
The lower effective tax rate in 2008 compared to 2007 was due to
the goodwill impairment charge in 2007 with respect to our
Communications reporting unit which is non-deductible for tax
purposes, partially offset by a tax benefit from a ruling issued
by a tax authority related to prior periods recognized in 2007.
The higher effective tax rates in 2007 as compared to 2006
resulted primarily from the goodwill impairment charge in 2007.
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Provision for Income Taxes
The provision for income taxes differs from the amount computed by applying the statutory U.S. federal rate principally due to foreign income with lower tax rates and from tax credits that lower the effective tax rate, offset by state taxes, subsidiary losses and an impairment charge in 2007 for which we have not provided a benefit and other factors that impact the effective tax rate. The lower effective tax rate in 2008 compared to 2007 was due to the goodwill impairment charge in 2007 with respect to our Communications reporting unit which is non-deductible for tax purposes, partially offset by a tax benefit from a ruling issued by a tax authority related to prior periods recognized in 2007. The higher effective tax rates in 2007 as compared to 2006 resulted primarily from the goodwill impairment charge in 2007.
Table of ContentsThis excerpt taken from the EBAY 10-Q filed Oct 23, 2008. Provision
for Income Taxes
The provision for income taxes differs from the amount computed
by applying the statutory U.S. federal rate principally due
to foreign income with lower tax rates and from tax credits that
lower the effective tax rate, offset by state taxes and
subsidiary losses for which we have not provided a benefit and
other factors that impact the effective tax rate.
The increase in the effective tax rate for the third quarter and
first nine months of 2008 compared to the same period of the
prior year primarily resulted from the goodwill impairment
charge recorded in the three and nine months ended
September 30, 2007, which is non-deductible for tax
purposes. In addition, the effective tax rate for the three and
nine months ended September 30, 2007 was favorably impacted
by a tax benefit from a ruling issued by a tax authority related
to prior periods. During fiscal 2008, the expansion of our
international operations has resulted in favorable changes to
our geographic earnings mix.
For the remainder of 2008, we are projecting an effective tax
rate slightly higher than our effective tax rate in the first
nine months of 2008.
This excerpt taken from the EBAY 10-Q filed Jul 24, 2008. Provision
for Income Taxes
The provision for income taxes differs from the amount computed
by applying the statutory U.S. federal rate principally due
to foreign income with lower tax rates and from tax credits that
lower the effective tax rate, offset by
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state taxes and subsidiary losses for which we have not provided
a benefit and other factors that impact the effective tax rate.
The decrease in the effective tax rate for the second quarter
and first six months of 2008 compared to the same period of the
prior year resulted primarily from the expansion of our
international operations resulting in favorable changes to our
geographic earnings mix.
For the remainder of 2008, we are projecting an effective tax
rate consistent with, or slightly higher than, our effective tax
rate in the first six months of 2008.
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Provision
for Income Taxes
The provision for income taxes differs from the amount computed
by applying the statutory U.S. federal rate principally due
to foreign income with lower tax rates and from tax credits that
lower the effective tax rate, offset by state taxes and
subsidiary losses for which we have not provided a benefit and
other factors that impact the effective tax rate.
The change in the effective tax rate for the first quarter of
2008 compared to the same period of the prior year resulted
primarily from the expansion of our international operations
resulting in favorable changes to our geographic revenue mix.
For the remainder of 2008, we are projecting an effective tax
rate similar to our effective tax rate in the first quarter of
2008.
This excerpt taken from the EBAY 10-Q filed Apr 24, 2008. Provision
for Income Taxes
The provision for income taxes differs from the amount computed
by applying the statutory U.S. federal rate principally due
to foreign income with lower tax rates and from tax credits that
lower the effective tax rate, offset by state taxes and
subsidiary losses for which we have not provided a benefit and
other factors that impact the effective tax rate.
The change in the effective tax rate for the first quarter of
2008 compared to the same period of the prior year resulted
primarily from the expansion of our international operations
resulting in favorable changes to our geographic revenue mix.
For the remainder of 2008, we are projecting an effective tax
rate similar to our effective tax rate in the first quarter of
2008.
These excerpts taken from the EBAY 10-K filed Feb 29, 2008. Provision
for Income Taxes
The provision for income taxes differs from the amount computed
by applying the statutory U.S. federal rate principally due
to foreign income with lower tax rates and from tax credits that
lower the effective tax rate, offset by state taxes, subsidiary
losses and an impairment charge for which we have not provided a
benefit and other factors that impact the effective tax rate.
Our effective tax rate in 2007 was 54%, compared to 27% in 2006.
The increase was due to the goodwill impairment charge with
respect to our Communications reporting unit which is
non-deductible for tax purposes, partially offset by a tax
benefit from a ruling issued by a tax authority related to prior
periods. The lower effective tax rates in 2006 as compared to
2005 resulted primarily from the expansion of our international
businesses and from changes in our operations in international
markets. We expect our effective tax rate for 2008 to be
significantly lower than in 2007.
Provision for Income Taxes
The provision for income taxes differs from the amount computed by applying the statutory U.S. federal rate principally due to foreign income with lower tax rates and from tax credits that lower the effective tax rate, offset by state taxes, subsidiary losses and an impairment charge for which we have not provided a benefit and other factors that impact the effective tax rate. Our effective tax rate in 2007 was 54%, compared to 27% in 2006. The increase was due to the goodwill impairment charge with respect to our Communications reporting unit which is non-deductible for tax purposes, partially offset by a tax benefit from a ruling issued by a tax authority related to prior periods. The lower effective tax rates in 2006 as compared to 2005 resulted primarily from the expansion of our international businesses and from changes in our operations in international markets. We expect our effective tax rate for 2008 to be significantly lower than in 2007. This excerpt taken from the EBAY 10-Q filed Oct 29, 2007. Provision
for Income Taxes
The provision for income taxes differs from the amount computed
by applying the statutory U.S. federal rate principally due
to foreign income with lower tax rates and from tax credits that
lower the effective tax rate, offset by state taxes, subsidiary
losses and impairment charges for which we have not provided a
benefit and other factors that impact the effective tax rate.
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The change in the effective tax rate for the three and nine
months ended September 30, 2007, compared to the same
period of the prior year primarily resulted from the goodwill
impairment charge recorded in the three and nine months ended
September 30, 2007 which is non-deductible for tax
purposes. In addition, the change in our effective tax rate was
due to a tax benefit from a ruling issued by a tax authority
related to prior periods and changes in the estimated geographic
mix of our taxable income for the year.
For the remainder of 2007, we are projecting a lower effective
tax rate than we experienced during the first half of the year.
This excerpt taken from the EBAY 10-Q filed Jul 27, 2007. Provision
for Income Taxes
The provision for income taxes differs from the amount computed
by applying the statutory U.S. federal rate principally due
to foreign income with lower tax rates and from tax credits that
lower the effective tax rate offset by state taxes, subsidiary
losses for which we have not provided a benefit and other
factors that increase the effective tax rate.
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The lower effective tax rates for the second quarter and the
first six months of 2007, compared to the same periods of 2006,
resulted primarily from expansion of our international
operations and favorable changes in our income mix among
international tax jurisdictions. For the remainder of 2007, we
expect our effective tax rate to be lower compared to 2006.
This excerpt taken from the EBAY 10-Q filed Apr 25, 2007. Provision
for Income Taxes
The provision for income taxes differs from the amount computed
by applying the statutory U.S. federal rate principally due
to foreign income with lower tax rates and from tax credits that
lower the effective tax rate offset by state taxes, subsidiary
losses for which we have not provided a benefit and other
factors that increase the effective tax rate.
The lower effective tax rates for the first quarter of 2007,
compared to the first quarter of 2006, resulted primarily from
expansion of our international operations and changes to the
allocation of costs to our international businesses. For the
remainder of 2007, we expect our effective tax rate to be lower
compared to 2006.
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