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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Alphabet Inc.    GOOGL

ALPHABET INC.

(GOOGL)
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Delayed Quote. Delayed Nasdaq - 11/23 04:00:00 pm
1727.56 USD   -0.51%
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OECD's corporate tax reform proposal gaining broad support - Scholz

10/09/2020 | 10:21am EST
FILE PHOTO: German Finance Minister Scholz and Justice Minister Lambrecht hold news conference in Berlin

BERLIN (Reuters) - More than 130 countries have agreed on a blueprint to introduce global rules on corporate taxation to be discussed by G20 finance ministers next week, German Finance Minister Olaf Scholz said on Friday.

"With a unanimous agreement on a blueprint for reforming the global corporate tax code we have taken a major step forward," Scholz said in a statement. "This is a positive signal and I'm sure that by the summer of next year we will be able to reach a final agreement on this reform plan."

The Organisation for Economic Cooperation and Development (OECD) has been developing rules to make digital companies pay tax where they do business, rather than where they register subsidiaries. This could boost national tax revenues by a total of $100 billion a year, the OECD estimates.

But a recession sparked by the coronavirus in many industrialised nations have cast doubt on the OECD's goal of reaching a deal among more than 130 countries this year.

Scholz said the main goal of any agreement would be to ensure that digital giants such as Google, Amazon and Facebook were made to pay their fair share of tax.

(Reporting by Christian Kraemer; Writing by Joseph Nasr; Editing by Thomas Escritt)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.51% 1727.56 Delayed Quote.28.98%
AMAZON.COM, INC. -0.03% 3098.39 Delayed Quote.67.68%
FACEBOOK INC -0.47% 268.43 Delayed Quote.30.78%
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Financials (USD)
Sales 2020 179 B - -
Net income 2020 35 705 M - -
Net cash 2020 118 B - -
P/E ratio 2020 33,9x
Yield 2020 -
Capitalization 1 171 B 1 171 B -
EV / Sales 2020 5,90x
EV / Sales 2021 4,82x
Nbr of Employees 132 121
Free-Float 90,3%
Chart ALPHABET INC.
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Alphabet Inc. Technical Analysis Chart | GOOGL | US02079K3059 | MarketScreener
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 47
Average target price 1 884,54 $
Last Close Price 1 727,56 $
Spread / Highest target 30,2%
Spread / Average Target 9,09%
Spread / Lowest Target -28,4%
EPS Revisions
Managers
NameTitle
Sundar Pichai Chief Executive Officer & Director
John LeRoy Hennessy Chairman
Ruth M. Porat Chief Financial Officer & Senior Vice President
Lawrence E. Page Director
Sergey Mikhaylovich Brin Director
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