From Les Times de Los Angeles:
French Culture Minister Frederic Mitterrand is asking Hollywood for its budget-weary producers, pressured directors and harried filmmakers yearning for a tax break. ... [Mitterand] visited Los Angeles this week ... to meet with senior studio executives, including Walt Disney Co. Chief Executive Bob Iger and Warner Bros. Chairman Barry Meyer.
... The French rebate, in effect for little more than a year, has already had some effect, Mitterrand said. Among the beneficiaries was Universal Pictures' hit animated movie "Despicable Me," produced with Paris-based animation studio Mac Guff Ligne and Santa Monica's Illumination Entertainment (the companies are now working on "The Lorax") ...
So there's a reason I.E. does a lot of its work in another land. It gets tax incentives.
(On a related note, the state of California held hearings today on extending its own credits. Our representative Mr. Kaplan was there, along with reps from most of the other Hollywood unions and guilds. The head of the sound local, veteran business representative Jim Osburn, was pretty adamant about getting state incentives extended for another year, saying the film biz would suffer if the tax breaks went away.)