Netflix to Settle Tax Dispute With Italy for $59.1 Million, Opens First Office in Rome Hiring Over 40 Employees

Netflix has agreed to settle a tax dispute with Italy for a period covering October 2015 to 2019. The US streaming service has been asked to pay EUR 55.8 million (around Rs. 460 crore). As a backdrop to the payment agreement, Netflix has now opened an office in Italy, setting up a base in Rome and hiring more than 40 employees.