Tax Strategy Statement
The Expedia group (“Expedia”) is a multinational organization with headquarters in the United States and operations worldwide. Expedia, Inc. is publically traded on the NASDAQ Global Select Market under the symbol EXPE.
As required by the UK Finance Act 2016, this statement sets out Expedia’s tax strategy, specifically the approach to governance and risk management, managing stakeholders, business partnering and tax advice.
Expedia adopted guidelines that set forth our core principles and values, and expectations regarding responsible business conduct. Expedia’s Tax Strategy aligns with these core principles and values and covers all brands and jurisdictions within Expedia.
Governance and Risk Management
Expedia aims to adhere with tax laws, rules and regulations in all territories in which it operates. Adherence with tax laws means paying the appropriate amount of tax to the appropriate tax jurisdictions in a timely manner.
Expedia’s business operates at a broad scale and in multiple jurisdictions, and therefore incurs a significant volume of tax obligations. The differences in interpretation and/or enforcement of tax laws, rules and regulations may create tax risk, which Expedia proactively seeks to identify, evaluate, manage and monitor through robust compliance, disclosure and control frameworks. This includes adherence to Sarbanes-Oxley controls, adopting a risk-and-control approach to Senior Accounting Officer obligations, global transfer pricing rules and regulations and scaling operations using automation and continuous process enhancement. In addition, Expedia seeks the counsel of external advisors, when needed, in relation to the interpretation of tax laws, rules or regulations.
Expedia engages with all stakeholders including tax authorities in line with the guidelines mentioned above. Additionally, Expedia may work with relevant authorities and legislators to clarify obligations under existing, new and emerging tax laws, rules and regulations.
Business Partnering and Tax Advice
The Expedia Tax Team partners collaboratively and works across the Expedia business to enable Expedia to make timely, holistic and intelligent business decisions as well as respond to the dynamic environment in which it operates.
Expedia regards this publication as complying with its duty under Schedule 19 UK Finance Act 2016.