Thus, Holland, in the case of the streaming service, or Ireland
Posted: Tue Jan 07, 2025 9:00 am
With a subscriber base of 150 million, a worldwide turnover of 4.006 billion euros and profits of 305 million, it is hard to believe that Netflix has only declared revenues in Spain worth 538,921 euros and a net profit of 9,439 euros.
However, the American company, like many other giants of the technology industry such as Apple or Amazon , has opted to establish its European headquarters in countries where the tax benefits are greater.
have become particular havens for large companies to pay less taxes on European soil.
Although this maneuver is legal, it has been harshly criticized by both European bahrain phone number authorities, who have put technology companies under scrutiny in recent years, and Spanish authorities, who are now looking for a way to tax the activity of these services based on their national business.
One of the initiatives that the Executive intends to implement is the so-called "RTVE tax" , which requires private television stations and audiovisual operators to allocate up to 3% of their annual gross income to European audiovisual production and the financing of the public channel and which also seeks to tax new streaming services.
Of course, considering that Netflix has only paid 3,146 euros in corporate tax in its first fiscal year in Spain, since August 2018, for its two subsidiaries Los Gatos Entertainment Spain and Los Gatos Transmission Services Spain, it seems that the move will not be so profitable for the Government.
However, the company announced a few months ago the opening of its first office in Spain, which responds to the growing interest in the creation of original productions in our country, which is estimated to employ more than 25,000 people this year, almost double the number in 2018. A growth in business in our country that could mean an increase in the company's contribution to the Spanish economy.
Netflix has defended its position by highlighting its strong commitment to the domestic market.
“Netflix contributes to the Spanish economy in many different ways. We are investing millions in the entertainment industry in Spain and have made a strong commitment to th
However, the American company, like many other giants of the technology industry such as Apple or Amazon , has opted to establish its European headquarters in countries where the tax benefits are greater.
have become particular havens for large companies to pay less taxes on European soil.
Although this maneuver is legal, it has been harshly criticized by both European bahrain phone number authorities, who have put technology companies under scrutiny in recent years, and Spanish authorities, who are now looking for a way to tax the activity of these services based on their national business.
One of the initiatives that the Executive intends to implement is the so-called "RTVE tax" , which requires private television stations and audiovisual operators to allocate up to 3% of their annual gross income to European audiovisual production and the financing of the public channel and which also seeks to tax new streaming services.
Of course, considering that Netflix has only paid 3,146 euros in corporate tax in its first fiscal year in Spain, since August 2018, for its two subsidiaries Los Gatos Entertainment Spain and Los Gatos Transmission Services Spain, it seems that the move will not be so profitable for the Government.
However, the company announced a few months ago the opening of its first office in Spain, which responds to the growing interest in the creation of original productions in our country, which is estimated to employ more than 25,000 people this year, almost double the number in 2018. A growth in business in our country that could mean an increase in the company's contribution to the Spanish economy.
Netflix has defended its position by highlighting its strong commitment to the domestic market.
“Netflix contributes to the Spanish economy in many different ways. We are investing millions in the entertainment industry in Spain and have made a strong commitment to th