Netflix UK given €57k tax rebate by government

Netflix received a €57,000 tax rebate from the UK government in 2018, despite making an estimated £700 million from UK subscribers.

A report in The Guardian states Netflix’s UK financial filing shows the company reported revenues of €48 million last year, and pre-tax profits of €2.3 million, because the hundreds of millions of pounds it makes from British subscribers’ monthly fees are funnelled through separate accounts at its European headquarters in the Netherlands.

Source: Netflix UK given €57k tax rebate by government

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