Update: Netflix has said it is cooperating with authorities in France following reports on Tuesday that its offices there and in the Netherlands had been raided as part of an investigation into alleged tax fraud and concealed employment.

Investigators specializing in financial crime and corruption raided the company's offices in central Paris on Tuesday morning.

France's National Financial Prosecutor, or PNF, which specializes in probing alleged high-profile white-collar crimes, suspects Netflix of "covering up serious tax fraud and off-the-books work", Reuters quoted a judicial source as saying.