Archive for category “Incentives”/Tax breaks

Hollywood takes stronger hold in state

The New Mexican Oct 10, 2018 Years of building the foundation for filmmaking as an economic driver in New Mexico just paid off. Earlier this week, we learned that Netflix is buying Albuquerque Studios with the intent of establishing a production hub. That’s a big win for Albuquerque, but one that will impact the rest […]

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High-end tax credits elevate record levels of UK production

Written by Manori Ravindran High-end tax credits for the UK’s television sector generated a record £896.7m ($1.2bn) in 2016, and doubled local production in four years, according to a new report by The British Film Institute. The report has shown that an estimated £632m ($832m) in tax relief seeded £3.2bn ($4.2bn) in direct production spend […]

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City entertainment industry hooked on state tax break

AARON ELSTEIN Back in 2004, New York debuted a $25 million tax credit for TV shows and movies produced on soundstages in the state. The program has since morphed into a $420 million incentive that’s the largest in the nation and one the industry says it can’t live without. “The tax credit is the engine […]

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Louisiana film tax credits: We know how this movie ends

Posted Oct 10 By Tim Morris, Columnist tmorris@nola.com NOLA.com | The Times-Picayune Louisiana Gov. John Bel Edwards returned from a trip to Hollywood last week to announce peace for our time with the movie moguls. That kerfuffle over whether the state was really capping its generous tax credits and maybe trying to be a little […]

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Ireland’s film and TV tax incentive renewed until 2024 with new ‘regional uplift’

BY ESTHER MCCARTHY10 OCTOBER 2018 The Irish government has committed to the extension of Section 481, Ireland’s primary tax incentive for film and TV, until at least December 2024. The measure had been due to expire in 2020. It also announced the introduction of a ‘regional uplift’ of 5% to Section 481, to encourage local […]

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China Hatches Anti-Tax-Evasion Plan For Film & TV Biz In Wake Of Fan Bingbing Flap

by Nancy Tartaglione Oct 9 In the wake of the scandal that recently engulfed superstar actress Fan Bingbing, China has launched a campaign to regulate the payment of taxes within the film and TV industry. A notice posted by the State Administration of Taxation aims to promote the healthy development of the business which has […]

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Film Tax Credits Can Prompt Federal Fraud Prosecution

By Emma Beyer A federal appeals court ruled that film and TV tax credits are property and thus subject to federal mail and wire fraud laws, handing states a victory in monitoring fraud in the growing entertainment tax credits realm. In United States vs. Hoffman, the U.S. Court of Appeals for the Fifth Circuit found […]

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Ortt raises concerns over NY Film Tax Credit

A column from New York State Sen. Rob Ortt, R-C-I-Ref-North Tonawanda   Towards the end of last year, I highlighted the highly controversial and questionable film tax credit that our state has been recklessly participating in for the last 15 years. After beginning as a modest incentive of $25 million per year in 2004, by […]

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Lights. Camera. Labour action? Film workers want their cut from boom

A €200m audiovisual action plan could further boost the film sector but staff want a fair slice of a growing pie Rose Ugoalah August 19 2018 The Irish film and television industry has taken centre stage this year. The recently published Oireachtas report on working conditions within the industry, and an impending review of the […]

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Report: Ga. Off Film Production Pedestal, But Still No. 1 In U.S.

Donnell Suggs • Aug 16, 2018 Georgia is no longer top dog for the film industry, but it was beat out by a nation: Canada. At least for the time being, the state of Georgia is no longer king of the film and production industry when it comes to the number of highest performing U.S. […]

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