Netflix paid no UK corporation tax despite estimated £200m British revenues
By Staff Writer
Netflix paid no UK corporation tax last year despite having estimated British revenues of £200m, according to reports.
The film and TV streaming service has attracted 5 million UK subscribers with hit shows such as Breaking Bad and House of Cards.
But after analysis of its company accounts in today’s Sunday Times, it will now gain attention as being the latest multinational to lawfully avoid corporation tax because British customers are contracted with Dutch company Netflix International BV, meaning profits from the UK in 2014 were booked overseas.
Figures obtained by the broadsheet show that Netflix International BV had a net Read full story ›
Source: The Drum
