You Will Now Be Taxed On Netflix & Hulu To Pay For Garbage You Don't Use
Published on 24 Mar 2023 / In Entertainment
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A yead ago https://www.euronews.com/cultu....re/2022/04/01/how-eu
The EU countries that have the biggest cash inflow from Netflix though are Italy and France.
Italy was receiving 12.5 per cent of Netflix’s revenue back in investment into its film industry. But thanks to an EU directive, the country was able to double Netflix’s investment in Italian and European content to 25 per cent by 2025.
The head honchos of Netflix weren’t best pleased with the Italian arrangement. Stefano Ciullo, Director of Institutional Relations of Netflix Italy, noted the already large investment in Italian film from the firm. From 2017 to 2020, Netflix invested €300 million into Italy to produce over 45 shows.
“We have contributed to the ecosystem, worked and invested heavily in training. We cannot deny the surprise of a lack of dialogue and an unfair approach,” he said, noting the typical investment demand of broadcasters was set at 12.5 per cent.
It’s thanks to the Italian deal that Netflix investment saw the production of Paolo Sorrentino’s latest film, ‘Hand of God’ which was nominated for an Oscar this year.
9 May 2022 (so this is a year ago)
"This result underlines the cultural importance of film-making in Switzerland," Swiss Interior Minister Alain Berset told a press conference on Sunday.
In the binding referendum on what is being called "Lex Netflix", international streaming services must invest 4% of the revenue they make in Switzerland in local film production.
The investments can take the form of buying locally-made shows, making programmes themselves or go into an investment fund.