Netflix accused of funnelling UK profits through Netherlands

TV streaming giant pushed up to £330m in profits through low-tax state despite generous UK reliefs and rebatesNetflix has been accused of funnelling as much as £330m in profits made from operations outside the US into tax havens, while receiving...

Netflix accused of funnelling UK profits through Netherlands

TV streaming giant pushed up to £330m in profits through low-tax state despite generous UK reliefs and rebates

Netflix has been accused of funnelling as much as £330m in profits made from operations outside the US into tax havens, while receiving generous relief for making shows such as The Crown in the UK, which helped cut its bill.

The Taxwatch thinktank has estimated that in 2018 Netflix moved between $327m and $430m (£250m-£330m) in profits from international operations outside the US, including the UK, to low-tax jurisdictions such as the Netherlands.

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