Netflix under tax fraud investigation following raids in France and the Netherlands

US streaming giant Netflix is under investigation for alleged tax evasion and money laundering after authorities raided its offices in both France and the Netherlands on November 5, 2024. French investigators, working with their Dutch counterparts, searched Netflix’s central Paris offices as part of an inquiry into the company’s financial practices.

The probe, initiated by the French Parquet National Financier (PNF) in November 2022, is focusing on Netflix’s potential avoidance of tax obligations. The PNF is renowned for handling complex financial crime investigations involving multinational corporations.

At the same time, Netflix’s European headquarters in Amsterdam was also raided by Dutch authorities, marking a coordinated effort between the two countries. A Netflix spokesperson assured that the company is fully cooperating with the investigation, stating that it adheres to local tax laws in all the regions where it operates.

Notably, a report from La Lettre revealed that Netflix Services France paid less than 1 million euros ($1.09 million) in corporate taxes between 2019 and 2020, raising further questions about the company’s tax practices.