Netflix's Paris and Amsterdam offices are being searched on suspicion of tax fraud. The investigation in France has been going on since 2022, and the company has already had similar problems in Italy.
Investigators leading a tax fraud case have searched the offices of the American streaming giant Netflix as part of a preliminary investigation into tax fraud money laundering. This was reported by a Reuters source in the French judicial system, UNN reports.
Details
It is reported that in France, an investigation has been ongoing since 2022, led by a special unit for the prosecution of financial crimes.
On Tuesday, investigators specializing in financial crimes and corruption raided the company's offices in central Paris. Dutch authorities simultaneously searched the company's European headquarters in Amsterdam.
"The cooperation between the French and Dutch authorities has been going on for many months in this case," the source said.
A preliminary investigation in France does not involve criminal charges and does not necessarily lead to a trial.
The facts that led to the investigation are not fully understood. However, large technology companies offering their online services and subscriptions abroad often face difficulties in dealing with European tax authorities.
Add
The news site La Lettre reported that last year, the French subsidiary of Netflix became the subject of attention from the tax authorities due to underreporting of turnover, which, according to the media, contradicted the number of paid users in the country.
In 2022, Netflix agreed to settle a tax dispute with Italy by paying €55.8 million.
Recall
Netflix expects to increase revenues by 11-13% in 2025 compared to 2024. The company plans to achieve an operating margin of 28% and free cash flow of $6-6.5 billion in 2024.
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