Tax Strategy Disclosure

The European legal entities of Boston Scientific (“ELBS”) recognize their obligation to comply with all relevant tax requirements and filing obligations, including corporate income tax, payroll taxes, VAT and other local taxes. They aim to be open and transparent in dealing with the tax authorities. The ELBS finance teams will, on behalf of the Board of Directors of the ELBS, engage with external local tax advisors to obtain advice and assistance in the preparation of their tax returns and in considering their tax position. An external auditor audits the accounts of the ELBS on an annual basis and periodically internal audits take place. Where appropriate accruals are made for uncertain tax items in line with local GAAP requirements. The Board of Directors of the ELBS are updated on significant tax matters including the tax implications of commercial activities. The ELBS seek to interpret the relevant tax laws in a reasonable way and external professional tax advice is taken where necessary.

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