Wednesday, March 20, 2013

Tax Credits!!

Face it: the playing field will never be level.

... The British finance minister puts aside an initial $30 million for high-end TV, animation and video games ...

LONDON – Britain got its latest annual budget Wednesday, and the U.K. entertainment industry was surely paying particular attention. After all, the sector is one of the key beneficiaries of long-expected tax incentives for high-end TV productions, animation and video games that were part of the budget. ...

[The Chancellor of the exchequer] said in a brief mention during his annual budget speech that the introduction of the tax relief would play a big part in keeping the U.K.'s "world-class visual effects sector" competitive in his brief reference to the measures.

It is designed to help keep the U.K. on the map with Hollywood studios and high end producers looking to make big budget TV projects - likely to be budgeted at $1.5 million plus per episode. ...

It's a long spiral down to terra firma. And you have to ask, "When will governments be paying companies to perform the work in their city/state/country AND guaranteeing them a profit to do it?"

State socialism forevah!

1 comments:

Celshader said...

I guess London's trying to beat Montreal at the subsidy game.

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