Netflix made millions, paid just 0.06pc tax

Original article by Max Mason
The Australian Financial Review – Page: 3 : 28-Oct-19

Subscription video-on-demand giant Netflix has revealed that its Australian arm paid a total of $341,793 in tax during calendar 2018, compared with $175,516 in 2017. However, its revenue from local subscribers is estimated to have been between $600m and $1bn in 2018. Netflix’s customers in Australia are billed by Amsterdam-based Netflix International BV, which paid Netflix Australia a $12.1m service fee in 2018; this comprises all the company’s locally recognised revenue


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s