07 March 2007

Films and tax

Film industry facing 'tax crisis'

Production in the UK "will fall dramatically" because new tax laws are scaring off investors.

Apparently, there is a very strong relationship between the levels of taxation on the film industry, and the amount of investment that the industry receives.

I wonder if the normal tax regime "dramatically" discourages investment and production in industries other than film, as well.

I believe it does.

What policy implications would the great and good of the film industry draw from this?

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