Netflix Europe offices raided in tax fraud probe
Offices of streaming giant Netflix in Paris and Amsterdam have been raided by the French and Dutch authorities as part of an investigation into tax fraud, French judicial sources say.
The French investigation is being carried out by the National Financial Prosecutor's office (PNF), a special unit used for investigations into high-profile white-collar crime.
The French sources said authorities in the Netherlands were conducting simultaneous searches, and that co-operation between the two countries had been going on for "many months".
Last year, French media outlet La Lettre reported that until 2021, Netflix in France minimised its tax payments by declaring its turnover generated in France to the Netherlands.
After it abandoned this arrangement, La Lettre said, its annual declared turnover in France jumped from €47.1m ($51.3m; £39.6m) in 2020 to €1.2bn in 2021.
However, the outlet says investigators are trying to determine whether Netflix continued to attempt to minimise its profits after 2021.
