Netflix will pay $ 59 million to resolve the tax dispute with the Italian government

Netflix will pay $ 59 million to resolve the tax dispute with the Italian government

Netflix is said to have agreed to pay $59 million to settle a tax dispute with the Italian government over the streaming giant’s usage of infrastructure in the nation.

Netflix will pay $ 59 million to resolve the tax dispute with the Italian government

“We have maintained regular contact and cooperation with the Italian authorities and continue to believe that we have acted in full conformity with Italian and international rules.”

Netflix has agreed to pay taxes for the period from October 2015 to April 2019 — when Milan officials allege the firm used servers and backend technology in the country to transmit material to around two customers, citing sources. Netflix claimed it was exempt from paying local taxes since it had no physical presence in the country.

Netflix this month opened an Italian office that now reportedly employs about 40 people catering to about five million subscribers and local content production.

 

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