Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Talks on tech tax with U.S. still difficult - France's Le Maire

share with twitter share with LinkedIn share with facebook
share via e-mail
01/21/2020 | 04:12am EST
Euronext stock exchange's annual conference in Paris

Talks between France and the United States on taxing digital companies "remained difficult", French Finance Minister Bruno Le Maire said on Tuesday, despite a pledge by the two countries to avoid a trade war until at least the end of this year.

Le Maire said France's target was still to impose a minimum tax rate on companies that at the moment pay no levies or too little, in line with a proposal put forward last year by the Organisation for the Economic Cooperation and Development (OECD).

As talks at international level failed to make quick progress, France decided in July to apply a 3% levy on revenue from digital services earned in France by firms with revenues of more than 25 million euros (21.5 million pounds) in France and 750 million euros worldwide.

As many of those firms are U.S. companies, Washington has threatened to impose taxes on key French products in response. The U.S. Trade Representative's office said last month the French tax was "inconsistent with prevailing principles of international tax policy, and is unusually burdensome for affected U.S. companies," including Alphabet Inc, Facebook Inc, Apple Inc and Amazon.com Inc.

But in a surprise move on Monday, French President Emmanuel Macron said he had a "great discussion" with U.S. President Donald Trump over the issue and said the two countries would work together to avoid a rise in tariffs until the end of 2020.

Le Maire said the truce agreed by the two presidents was a "very positive starting point" but now Paris and Washington had to reach a compromise on how to tax digital activities at global level.

He said he would discuss details of a possible "definitive" deal with U.S. Treasury Secretary Steve Mnuchin on Wednesday at the World Economic Forum in Davos, Switzerland.

"It remains a difficult negotiation. The devil is in the details, and on many details we still need to find a common ground, but I think we are moving in the right direction," Le Maire said in Brussels before a meeting of EU finance ministers where the EU's stance on digital taxation will be discussed.

France's objectives in the talks remained to reach a "fair taxation of digital companies and minimum taxation at international level," Le Maire added.

(Reporting by Francesco Guarascio @fraguarascio; Editing by Alison Williams and Susan Fenton)

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.36% 1524.87 Delayed Quote.13.44%
AMAZON.COM, INC. 0.68% 2170.22 Delayed Quote.17.45%
APPLE INC. 1.45% 323.62 Delayed Quote.10.21%
FACEBOOK -0.14% 217.49 Delayed Quote.5.96%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on APPLE INC.
03:18aSouth Korea's Hynix says 800 workers to stay home after trainee had contact w..
RE
02:42aTaiwan's Foxconn warns of negative revenue impact from virus outbreak
RE
02:34aLenovo's third-quarter beat, confidence on managing virus impact boost shares
RE
02/19Manufacturers entangled in logistical nightmare as virus-hit China limps back..
RE
02/19Irish regulator readies draft decisions in first big tech privacy probes
RE
02/19Analog Devices revenue forecast misses, but investors shrug off virus impact
RE
02/19Cord-Cutting Accelerates, Raising Pressure on Cable Providers
DJ
02/19Stocks scale fresh peaks on slowing virus, dollar gains
RE
02/19Stocks scale fresh peaks on slowing virus, dollar gains
RE
02/19S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopes
RE
More news
Financials (USD)
Sales 2020 283 B
EBIT 2020 70 132 M
Net income 2020 59 769 M
Finance 2020 82 972 M
Yield 2020 0,99%
P/E ratio 2020 23,6x
P/E ratio 2021 20,7x
EV / Sales2020 4,71x
EV / Sales2021 4,32x
Capitalization 1 416 B
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 333,56  $
Last Close Price 323,62  $
Spread / Highest target 23,6%
Spread / Average Target 3,07%
Spread / Lowest Target -41,3%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE INC.10.21%1 415 993
SAMSUNG ELECTRONICS CO LTD--.--%337 127
XIAOMI CORP--.--%39 788
WINGTECH TECHNOLOGY CO.,LTD39.44%20 717
FITBIT, INC.-1.52%1 697
MERRY ELECTRONICS CO LTD--.--%1 023