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Netflix makes peace with Italian tax authorities

Streaming platform to pay 55.8 million to settle dispute

(ANSA) - ROME, MAY 20 - Milan prosecutors said Friday that Netflix has agreed to pay 55.85 million euros to end a dispute with the Italian tax authorities.
    The settlement follows a probe by finance police into undeclared earnings made by the American streaming platform between 2015 and 2019 in Italy.
    The prosecutors said that 55.85 million figure covered unpaid taxes, interest and fines.
    They said that Netflix will pay tax on its Italian earnings in Italy from now on after setting up an unit here on January 1.
    (ANSA).
   

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