CICTAR’s Ed Miller asks questions of Netflix in The Post

‘Northland’s Edward Miller, Researcher at the Centre for International Corporate Tax and Accountability Research, had his interest in Netflix piqued late last year when he came across news stories that showed the Netflix offices in both Paris and Amsterdam had been raided by French fraud investigators’ writes Dita de Bono in the New Zealand Post.

New Zealand law requires a company with international owners to file public financial statements if the total revenue for the company and its subsidiaries is more than NZ$11 million.

Yet, despite 1.3 million users in New Zealand paying at least $18.49 a month to access the service, Miller discovered that these statements are not available for Netflix.

“One possible explanation is that all of New Zealand is running off the single Netflix account, and we've just shared the password,”…“But I don't think that's the likely story.”

As The Post reports, the Australian accounts for Netflix throw up a few ideas as to how large amounts of money are pushed off the books locally, giving some clue as to what may be happening in New Zealand.