Netflix's European offices searched over alleged tax fraud
Nov 06, 2024
The Hague [Netherlands], November 6: Dutch and French authorities conducted a search of Netflix's offices in Paris and Amsterdam on Tuesday as part of an investigation into alleged tax fraud, reported Dutch newspaper De Telegraaf.
The investigation, initiated by French authorities in November 2022, has involved close cooperation between France and the Netherlands, according to De Telegraaf. Netflix's European headquarters is based in Amsterdam.
The streaming giant has been under investigation in France regarding its tax filings for the years 2019, 2020, and 2021. When news of this investigation surfaced last year, Netflix emphasized its commitment to complying with tax regulations in all countries where it operates.
French investigative media outlet La Lettre reported last year that Netflix's French operations were structured so that all subscribers were registered with a Dutch subsidiary until 2021, which allowed Netflix to reduce its tax obligations in France for 2019 and 2020.
Authorities in the Netherlands and France are now investigating whether Netflix continued similar practices to minimize its reported profits and tax responsibilities.
Source: Xinhua
