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Why did French authorities raid a bank in Paris?

French authorities raided the Paris offices of five top French banks on suspicion of tax fraud, according to France’s National Financial Prosecutor’s Office.

When did Netflix stop making money in France?

The news site added the company stopped the practice in 2021. Corporate records reviewed by Reuters showed the revenue of Netflix's French unit surged to around 1.2 billion euros ($2 billion) in 2021 from 47 million euros ($77 million) the year before.

Does a preliminary investigation in France imply criminal charges?

A preliminary investigation in France does not imply criminal charges and does not necessarily lead to a trial. It was not immediately clear what prompted the investigation. Large tech companies often run into difficulties with European tax authorities when offering online services and subscriptions across borders.

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