Netflix Offices in France & The Netherlands Raided In Alleged Tax Fraud & Concealed Employment Investigation

deadline.com:

French authorities raided Netflix offices in France on Tuesday as part of an investigation into alleged tax fraud and concealed employment, local media reported.

According to reports by weekly news magazine Marianne and daily newspaper Libération, the National Financial Prosecutor’s Office and the Central Office for the Fight against Corruption and Financial and Tax Offenses carried out searches in the streaming giant’s French HQ in the Paris’s 9th arrondissement.

Marianne, which broke the news, said the searches were part of a preliminary investigation opened in November 2022 for “laundering of aggravated tax fraud” and “concealed work in an organized gang”.

The magazine said the investigation has been sparked by a tax audit in 2022, in which Netflix’s declarations for France between 2019 and 2020 did not chime with the profits that would have been expected from its seven million subscribers at the time, suggesting it had operated tax optimization techniques.