Netflix under investigation for tax fraud - Investigators search the company's headquarters in France and the Netherlands
Investigators searched US streaming giant Netflix's offices in France and the Netherlands as part of a preliminary probe into tax fraud, a French judicial source said.
The French investigation, conducted by the Parquet National Financier (PNF), a special financial crime prosecution unit known for pursuing white-collar investigations that often involve large international companies, opened in November 2022.
"We are cooperating with the authorities in France, where Netflix is an important contributor to the local economy, by complying with tax laws and regulations in all the countries in which we operate," a Netflix spokesperson told Reuters.
Investigators specializing in financial crime and corruption have raided the company's offices in central Paris, while at the same time Dutch authorities were searching the company's European headquarters in Amsterdam, the French judicial source said.
"Cooperation between the French and Dutch authorities has been underway for many months as part of these procedures," the French source announced.
A preliminary investigation in France does not lead to criminal charges and does not necessarily lead to a trial.
Big tech companies that offer their online services and subscriptions across borders often run into trouble with European tax authorities. News site La Lettre reported last year that Netflix's French subsidiary came under scrutiny from tax authorities over reported low subscriptions, which the media said were at odds with the number of paying users in the country.
Between 2019 and 2020, Netflix Services France paid less than 1 million euros in corporate taxes, including a separate entity registered in the Netherlands, according to La Lettre, adding that the company stopped the practice in 2021.
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