UK Finance Act 2016: Expedia Group Tax Strategy Statement
Expedia Group, Inc. is publicly traded on the NASDAQ Global Select Market under the symbol EXPE. The Expedia Group (“Expedia”) is a multinational organization with headquarters in the United States and operations worldwide.
As required by the UK Finance Act 2016, this statement sets out Expedia Group’s tax strategy, specifically the approach to governance and risk management, managing stakeholders, business partnering and tax advice.
Expedia Group adopted guidelines that set forth our core principles and values, and expectations regarding responsible business conduct.?Expedia Group’s tax strategy aligns with these core principles and values and covers all brands and jurisdictions within Expedia Group.
Governance and Risk Management
Expedia Group 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 Group’s business operates at a broad scale and in multiple jurisdictions, and therefore incurs significant tax obligations.?Differences in interpretation and/or enforcement of tax laws, rules and regulations may create tax risk, which Expedia Group proactively seeks to identify, evaluate, manage and monitor through robust compliance, disclosure and control frameworks. The level of tax risk that Expedia Group accepts is driven by its overarching values, corporate social responsibility and reputation. 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. Expedia Group seeks the counsel of external advisors, when needed, in relation to the interpretation of tax laws, rules or regulations. With the above, tax risk is assessed on a case by case basis based on the relevant facts and circumstances.
Expedia Group engages with all stakeholders including tax authorities in line with the guidelines mentioned above.?Additionally, Expedia Group 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 Group Tax Team partners collaboratively and works across the Expedia Group business to enable Expedia Group to make timely, holistic and intelligent business decisions as well as respond to the dynamic environment in which it operates.
For the period ended 31 December 2019.
Date published: 27 December 2019.
Expedia Group regards this publication as complying with its duty under Schedule 19 UK Finance Act 2016.?