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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Netflix, Inc.    NFLX

NETFLIX, INC.

(NFLX)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/19 07:56:07 am
502.235 USD   +0.85%
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Canada plans digital tax in 2022 on global tech giants

11/30/2020 | 04:01pm EST

OTTAWA, Nov 30 (Reuters) - Canada plans to impose a tax on corporations providing digital services from 2022 that will stay in place until major nations come up with a coordinated approach on taxation, the finance department said on Monday.

The Organisation for Economic Cooperation and Development is working on a common approach to ensure digital behemoths, such as Google and Facebook Inc, pay their fair share of taxes as the coronavirus hammers budgets. Canada said it was concerned about a delay in reaching agreement.

The new tax would come into effect on January 1 2022 and remain in place until a common approach is agreed. The measure would raise federal revenues by C$3.4 billion ($2.6 billion) over five years, starting in the 2021-22 fiscal year.

"Canadians want a tax system that is fair, where everyone pays their fair share," Finance Minister Chrystia Freeland told legislators in the fall economic update.

"Canada will act unilaterally, if necessary, to apply a tax on large multinational digital corporations, so they pay their fair share just like any other company operating in Canada."

($1 = 1.2965 Canadian dollars)

(Reporting by David Ljunggren, editing by Amran Abocar and Steve Scherer)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.19% 1727.62 Delayed Quote.-1.43%
AMAZON.COM, INC. -0.74% 3104.25 Delayed Quote.-4.69%
FACEBOOK INC 2.33% 251.36 Delayed Quote.-7.98%
NETFLIX, INC. -0.58% 497.98 Delayed Quote.-7.91%
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Financials (USD)
Sales 2020 24 962 M - -
Net income 2020 2 861 M - -
Net Debt 2020 8 566 M - -
P/E ratio 2020 79,2x
Yield 2020 -
Capitalization 220 B 220 B -
EV / Sales 2020 9,16x
EV / Sales 2021 7,77x
Nbr of Employees 8 600
Free-Float 98,4%
Chart NETFLIX, INC.
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Netflix, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends NETFLIX, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 551,33 $
Last Close Price 497,98 $
Spread / Highest target 40,6%
Spread / Average Target 10,7%
Spread / Lowest Target -59,8%
EPS Revisions
Managers and Directors
NameTitle
Wilmot Reed Hastings Chairman, President & Co-Chief Executive Officer
Theodore A. Sarandos Co-CEO, Director & Chief Content Officer
Gregory K. Peters Chief Operating & Product Officer
Spencer Adam Neumann Chief Financial Officer
Adriane C. McFetridge Engineering Director
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1st jan.Capitalization (M$)
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