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e Bay requires sellers to include the VAT element in their listing price and not as an add-on and thus profits by collecting fees based not only on the sale price "ex VAT" but also on the VAT.

takes from £0.15 to a maximum rate of £3 per £100 for an ordinary listing and up to 10% of the final price.The resulting price increase (from /month to 0) forced him to start charging those who used e Bay, and was not met with any animosity.Jeffrey Skoll was hired as the first new president of the company in early 1996.In late 2009, e Bay completed the sale of Skype for .75 billion, but will still own 30% equity in the company.On September 30, 2014, e Bay announced it would spinoff Pay Pal into a separate publicly traded company, a demand made nine months prior by activist hedge fund magnate Carl Icahn. e Bay’s then chief executive, John Donahoe, stepped down from that role.

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