Netflix Under Investigation: Offices Raided in France and Netherlands 🚨
Hey binge-watchers! 🎬 Big news just dropped about our beloved streaming giant, Netflix. On Tuesday, investigators swooped into Netflix's offices in Paris and Amsterdam as part of a tax fraud and money laundering probe. 😲
France's Parquet National Financier (PNF), the specialized financial crime unit known for tackling high-profile cases, teamed up with Dutch authorities for coordinated raids. They've been working closely on this case for months, according to a French judicial source.
So, what's the tea? 🍵 The investigation, which kicked off in November 2022, is looking into whether Netflix has been playing fair with its tax payments in France and possibly funneling revenue through its European headquarters in the Netherlands.
Netflix says they're all good. A spokesperson confirmed they're cooperating with French authorities and emphasized that they follow tax laws in every country where they operate. They also mentioned being a \"significant contributor to the local economy\" in France.
Interesting tidbit: Netflix's revenue in France shot up to around 1.2 billion euros in 2021, skyrocketing from just 47 million the year before! 📈 But questions have been raised about how they reported revenue in earlier years, and the company hasn't commented on that yet.
The PNF hasn't spilled any more details, so it's all wait and see for now. Remember, a preliminary inquiry in France doesn't mean criminal charges are a sure thing—it might not even lead to a trial.
Stay tuned for more updates on this developing story! 📰
Reference(s):
Netflix offices in France and Netherlands raided in tax fraud probe
cgtn.com
