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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 10/27 03:16:16 pm
3260.47 USD   +1.67%
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Indonesia adds Twitter, Zoom to tech companies that must pay 10% VAT

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09/08/2020 | 11:36am EDT
FILE PHOTO: A 3D printed Zoom logo is placed on the keyboard in this illustration taken

Indonesia on Tuesday added 12 more companies, including social media firm Twitter and video-conferencing site Zoom, to a list of internet-based businesses that must pay a 10% value-added tax on sales.

In July Indonesia had already announced that Alphabet Inc's Google Asia Pacific, Netflix and Facebook among other tech companies would be liable to VAT.

Governments globally are seeking to ensure that internet-based tech giants are paying their fair share of taxes. Indonesia's moves come amid a shift to more online business with increased remote working during the coronavirus and as the pandemic has hit government finances.

Among companies named on Tuesday were business networking site LinkedIn Singapore, two units of Twitter, Skype Communications, Zoom Video Communications, antivirus provider McAfee Ireland, and Microsoft Ireland Operations.

The Indonesian tax office also put game developer Mojang AB, streaming platforms Novi Digital Entertainment and PCCW Vuclip (Singapore) on the list, as well as digital marketplaces Jingdong Indonesia Pertama and Shopee International Indonesia.

The companies must start charging VAT to advertisers and other customers from Oct. 1.

The companies were not immediately available to comment.

Under rules introduced earlier this year, non-resident foreign firms that generate annual sales of at least 600 million rupiah ($40,650) for digital products and services in Indonesia from at least 12,000 users are required to pay the VAT.

Indonesia, the world's fourth most populous country with a population of nearly 270 million, is experiencing a boom in its digital economy which is expected to reach $130 billion by 2025, a study by Google, Temasek Holdings and Bain & Company predicts.

($1 = 14,760.0000 rupiah)

(Reporting by Tabita Diela; Editing by Gayatri Suroyo and Susan Fenton)


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.30% 1589.54 Delayed Quote.18.28%
AMAZON.COM, INC. 1.74% 3259.99 Delayed Quote.73.67%
FACEBOOK INC 1.75% 281.96 Delayed Quote.35.01%
NETFLIX, INC. -0.42% 486.63 Delayed Quote.50.89%
ZOOM VIDEO COMMUNICATIONS, INC. 2.12% 529.1192 Delayed Quote.661.01%
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Financials (USD)
Sales 2020 370 B - -
Net income 2020 16 482 M - -
Net cash 2020 55 489 M - -
P/E ratio 2020 99,6x
Yield 2020 -
Capitalization 1 606 B 1 606 B -
EV / Sales 2020 4,19x
EV / Sales 2021 3,49x
Nbr of Employees 798 000
Free-Float 81,3%
Chart AMAZON.COM, INC.
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Amazon.com, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Average target price 3 748,93 $
Last Close Price 3 207,04 $
Spread / Highest target 40,3%
Spread / Average Target 16,9%
Spread / Lowest Target 4,77%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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