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Netflix Raided Amid Tax Fraud Investigation
French and Dutch authorities raided Netflix offices over alleged tax fraud and undeclared work, focusing on accusations of profit minimization.
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EntertainmentFranceNetherlandsInvestigationFinanceInternationalTax EvasionCorporate Fraud
NetflixFrench National Financial Prosecutor's Office (Pnf)La Lettre A
- What aspect of Netflix's financial practices is being scrutinized?
- Netflix's low operating margins in its French subsidiary compared to its US parent company are under scrutiny in this investigation.
- What is the main accusation against Netflix in this investigation?
- The investigation, opened in November 2022, focuses on allegations that Netflix minimized its profits in France by declaring its French business volume in the Netherlands.
- What prompted the raids on Netflix offices in Paris and Amsterdam?
- Netflix's Paris and Amsterdam offices were raided on November 5th, 2024, as part of a French and Dutch investigation into suspected aggravated tax fraud and undeclared work.
- Which authorities are involved in this investigation, and when did it begin?
- The French National Financial Prosecutor's Office (PNF) is leading the investigation, working in cooperation with Dutch authorities. The investigation includes allegations of money laundering.
- What were Netflix's tax payments in France between 2019 and 2020, and what is the current focus?
- Between 2019 and 2020, Netflix paid only €981,000 in profit tax in France, despite having 7 million subscribers. Authorities are now examining 2021 tax declarations for similar practices.