World: Italy prosecutors open Netflix tax evasion investigation -source - - PressFrom - US

World Italy prosecutors open Netflix tax evasion investigation -source

11:25  03 october  2019
11:25  03 october  2019 Source:

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MILAN, Oct 3 (Reuters) - Italian prosecutors have opened an investigation into alleged tax evasion targeting U.S. streaming service Netflix, a source with direct knowledge of the matter said on Thursday.

Netflix logo seen on the backdrop of Netflix's © CHRIS DELMAS/AFP/Getty Images Netflix logo seen on the backdrop of Netflix's "Stranger Things 3" premiere at Santa Monica high school Barnum Hall on June 28, 2019 in Santa Monica, California. (Photo by Chris Delmas / AFP) (Photo credit should read CHRIS DELMAS/AFP/Getty Images)

Prosecutors in Milan say Netflix should pay taxes in Italy despite the fact that is has no physical presence locally because of the digital infrastructure it uses to stream content to 1.4 million users in the country, the source said.

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Tax evasion soars despite new policies. Send Facebook Twitter google+ Whatsapp Tumblr linkedin According to the Cologne prosecutors , the tax fraud scheme was promoted by a former German tax The tax expert Christoph Spengel from the University of Mannheim calculated last year that

Naples prosecutors have announced a sweeping investigation into allegations of falsifying player transactions to avoid as much as 12 million euros in taxes involving as many as 35 Serie A and Serie B teams.

The source confirmed a report in Italian daily Corriere della Sera.

Prosecutors argue that cables and computer servers used by Netflix amount to a physical presence in Italy.

The source said the probe had been triggered by checks conducted by Italy's tax police. Given the size of the alleged tax evasion prosecutors were obligated to open an investigation, the source said.

No Netflix executive is under investigation because the probe is still at a preliminary stage, the source said.

Milan prosecutors in the past have probed other U.S. tech giants such as Apple, Amazon and Facebook for dodging taxes, allowing Italy to net several billion euros in fines and tax payments.

It was not immediately possible to obtain a comment from Netflix. (Reporting by Emilio Parodi, writing by Valentina Za; editing by Jason Neely)

Netflix ends support for some older Roku players on December 1st .
Are you still hanging on to an early Roku player to stream Netflix in the basement? You'll need to upgrade soon. Netflix has warned that it's ending support for some of Roku's oldest players after December 1st, including the Roku HD, HD-XR, SD, XD and XDS as well as the NetGear-branded XD and XDS. You should get an alert if you're affected, but Cord Cutters Newsadded that a simple feature check will do before then. If your Netflix app can'tThis wasn't surprising when Roku itself warned in 2015 that it would stop updating players made in May 2011 or earlier. These are vintage boxes that stopped receiving new material a long time ago. There's a good chance you've moved on since, for that matter.

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