Archive for category “Incentives”/Tax breaks

Poland’s Pending Incentives Escalate Rebate Arms Race in Region

By WILL TIZARD Poland’s pending film incentives law, offering filmmakers both foreign and domestic 30% cash back on production spends, has been the subject of intense scrutiny of late. Polish producers, who have been at a disadvantage in a region of Europe where others have long had incentives, are concerned that Poland’s package be competitive, […]

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Taiwan Expands Production Incentives Scheme

By PATRICK FRATER The Taipei Film Commission is to make international access to its incentive scheme easier. The thresholds for access will be scrapped, and the existing subsidy system will be replaced with an investment scheme. The changes were announced today in Los Angeles, on the margins of the American Film Market. Under current regulations, […]

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South Africa Production Rebates Under Fire

By CHRISTOPHER VOURLIAS The Motion Picture Assn. has raised concerns that recent changes to South Africa’s tax incentive scheme and other regulatory proposals could stunt the development of the country’s film industry, according to an MPA rep. Under the new guidelines, productions that fail to meet certain benchmarks for supporting black-owned businesses are faced with the […]

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Turbulent times ahead for China’s film industry?

BY LIZ SHACKLETON China’s film market may be booming, but a trade war with the US and the government’s tax and censorship shake-ups suggest rockier times are to come.  In mid-September, US president Donald Trump made good on his promise to slap extra import duties on $200bn worth of Chinese goods, following several rounds of tariffs […]

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Tax Evasion Scandals Stall Film Production in China

By VIVIENNE CHOW Things are changing fast in China’s entertainment industry. The country’s film business is expected to enter a period of slowdown as the government continues to crack down on tax evasion after the eruption of the scandals surrounding Chinese actress Fan Bingbing(pictured above) and the war epic “Unbreakable Spirit.” Many productions in the […]

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Report finds state’s tax credits powering film, TV production

By BOB STRAUSS | rstrauss@scng.com | Daily News PUBLISHED: November 2, 2018 at 6:05 am | UPDATED: November 2, 2018 at 7:21 pm   California’s improved Film & TV Tax Credit Program is working as intended – generating more production jobs and spending in the Golden State – according to a report released Friday by […]

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Taxpayers being fleeced in film industry bidding war – ACT

Saturday, 3 November, 2018 – 10:58 Hard up Kiwis taxpayers are being fleeced as Peter Jackson, James Cameron and other Hollywood bigwigs line their pockets with corporate welfare, says ACT Leader David Seymour. The New Zealand Herald this morning reported that taxpayers could be making a loss on $1.5 billion in subsidies provided to Hollywood […]

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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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