Dutch, French authorities raid Netflix offices in tax probe: judicial source

French and Dutch authorities raided streaming giant Netflix’s offices in Paris and Amsterdam Tuesday as part of a tax fraud probe, a judicial source told AFP.

The US company’s headquarters for Europe, the Middle East and Africa is located in Amsterdam.

Tuesday’s search by specialist financial investigators relates to suspicions of “covering up serious tax fraud and off-the-books work” and is part of a probe opened in November 2022, the source said.

“French and Dutch authorities have been cooperating on this criminal case for many months,” they added.

Netflix is also under investigation in France for its tax filings for 2019, 2020 and 2021.

The company insisted when the probes went public last year that it complies with tax law in all countries where it operates.

French outlet La Lettre A had reported that Netflix’s French operation was structured until 2021 so that all subscribers signed up with a Dutch subsidiary.

That left it paying less than one million euros ($1.1 million at today’s rates) in taxes to Paris across 2019 and 2020.

Authorities are now trying to determine whether Netflix kept up illegal attempts to minimise its reported profits and thereby its tax bill, La Lettre A added.

The French subsidiary reported very low operating margins compared to the US mothership, the outlet said.

Netflix earned over $9.8 billion in revenue worldwide from its 282 million subscribers in July-September this year, with net profit reaching $2.4 billion.



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    Dave Smith: Will Trump Be Able To End The War In Ukraine?

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    At a recent pre-election speaking and podcast event, comedian and Libertarian political commentator Dave Smith expressed his view that it is very realistic that the next President Donald Trump could successfully negotiate an end to the Ukraine war

    Smith’s view is optimistic, as he articulated that he believes Trump’s expressed desire to end wars in Ukraine and Gaza is genuine. But Smith also laid out that much depends on who Trump puts around him in top national security positions. Below is the hard-hitting segment featuring the prominent commentator addressing the question: will Trump be able to end the war in Ukraine?

    Below are Dave Smith’s words from the segment on Trump and Ukraine below [emphasis ZH]…

    “Why the hell are we even expanding our military alliance to Ukraine? And listen, Donald Trump always says that the war ‘never would have happened if I was president, and I would negotiate an end to this.’

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    I don’t think he’s right that Hamas wouldn’t have attacked Israel if he was president – that seems kind of ridiculous to me. But he’s right: the Ukraine war could be over tomorrow if American wanted to negotiated a peace to it.

    Vladimir Putin has been trying to the entire time… 

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    Image source: Reason

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