Netflix Under Investigation in Europe for Tax Evasion Allegations
Netflix has come under scrutiny as tax authorities launched simultaneous raids at its offices in Paris and Amsterdam. This action is part of investigations into suspected tax fraud and undeclared labor practices. Recent reports revealed that Netflix’s French division previously reported strikingly low revenues despite a substantial number of paying users. However, Netflix’s revenue rose significantly in 2021, raising further questions. This investigation follows a similar tax dispute in Italy last year, showcasing ongoing challenges faced by tech giants with European tax regulations.