Netflix has been accused of funnelling up to £330million of its profits into tax havens.
Think-tank TaxWatch estimates that £860million of revenues paid by the streaming service’s 10 million UK subscribers goes to the Netherlands, where it then negotiates special tax deals.
They claim that, globally, Netflix moved between £250million and £330million of profits to tax havens in 2018.
TaxWatch also says that two UK Netflix entities were given £611,000 tax relief on their productions over 2017-2018.
Olivia Colman this week won a Golden Globe for her role in Netflix show The Crown.
George Turner, director of TaxWatch, said: “Netflix’s corporate structure is designed to avoid taxes.
"While the company profits from shifting cash from UK subscribers offshore, it also claims handouts from the UK Government.”
Netflix declined to comment.
