Ukraine’s cash-strapped film industry is pushing for a tax on distribution of foreign films, revenues from which would be spent to finance local film production.
“This is a necessary step,” Filipp Ilyenko, head of Ukraine’s state cinema agency and the main proponent of the idea, was quoted as saying by the news agency RBC Ukraine. “Without this step, I don’t see any prospects for development of the Ukrainian film industry.”
“We need to be clear about this,” he went on to say. “Either we introduce the tax, or we don’t have a national film industry.”
The proposal to introduce a tax of between 2 and 5 percent on all foreign films distributed in Ukraine came at a time when the government, faced with major economic problems on top of a military conflict with pro-Russian separatists in eastern Ukraine, is unable to provide as much cash for the film sector as it used to.
State funding, earmarked for Ukraine’s film industry this year, is going to hit its the lowest figure since 2010.
http://www.hollywoodreporter.com/news/ukraines-film-industry-pushes-extra-775612
This entry was posted on February 21, 2015, 1:05 pm and is filed under Tax Incentives, Ukraine. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.
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