Wednesday, December 23, 2015

Free Money, United Kingdom Style

The Brits broadcast their giveaways.

Government support for the UK film industry through its film tax relief programme reached $372m (£251m) in 2015.

According to HM Treasury, the initiative generated more than $1.5bn (£1bn) worth of investment in the UK this year.

It also revealed that the total amount of investment secured since the scheme was originally introduced in 2007 has now reached $10.2bn (£6.7bn).

Earlier this year it was reported that film tax relief would be increased to 25%, regardless of budget level. ...

It isn't just the U.K. Various states of the union, Canada, Australia, New Zealand and other geographic locations give away free money in the never-ending quest to lure conglomerates.

There's really no end to this. Everybody will need to jump on the bandwagon and start throwing money at our fine, entertainment conglomerates. Because whoever who doesn't play quickly discovers that the conglomerates pull up stakes and go where the tax breaks and subsidies are.

You can rail and rant against this socialistic practice all you like, but the practice is here to stay.


Matthew said...

All the sanity of socialism support in the sphere of corporations, but when it comes to human health care or gun controle, well...

This stuff just makes you wanna jump in the pacific ocean & start swimming.

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