Netflix has already implemented similar moves in other European territories, France, and Spain.Netflix is set to begin declaring the revenue it generates from UK subscribers to Hm Revenue and Customs (Hmrc).Today (December 1) the US streamer will inform its 12m-plus UK subscribers about its intention to pay tax on the income the company generates in the UK, rather than channelling it through its European headquarters in the Netherlands.Netflix has already implemented similar moves in other European territories, France, and Spain.As cited by The Guardian, the Tax Watch thinktank estimates that Netflix moved £250m-£330m in profits in
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