Consumer Staples May 21, 2022 10:08 AM (GMT+8) · EqualOcean
Naifei agreed on Friday to pay a fine of $59 million to resolve a tax dispute with the Italian government. Italian prosecutors previously said that although Netflix has no entity in the country, its use of servers and other technologies in Italy is equivalent to having an entity in the country and is responsible for paying taxes in Italy. Netflix used digital infrastructure to provide streaming media services to 2 million users in Italy from 2015 to 2019. Now Naifei has set up an office in Italy and recruited more than 40 employees.

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