Thursday, December 01, 2016

Free Money in Different Corners of the Globe

This Free Money thing is really catching on.

The Animation Council of the Philippines, Inc. (ACPI) seeks to boost the growth of the Philippine animation industry through bilateral agreements with countries that produce animated films.

The group hopes to enter into bilateral agreements with the governments of France, Canada and Spain by 2017.

Under these deals, ACPI plans to entice large foreign production houses to produce animated films in the country beginning 2017. ...

ACPI is also in talks with the Board of Investments (BOI) and the Department of Trade and Industry (DTI) on the possibility of granting fiscal incentives to production houses from these three countries that will produce their films in the Philippines.

“If we will have the same [tax incentive policy as that of Malaysia and Singapore], the Philippine animation industry will really be thriving,” Del Rosario said. ...

"Granting fiscal incentives". Now there's a surprise.


The free money give-away continues all over the world. Canada hands out cash, as does Britain, Georgia (U.S.A.), and various other countries.

Large corporations expect it. Large corporations demand it. Otherwise they pick up their productions and drag them off to a geographic location that will put them on the dole.

Isn't our robust, free enterprise system a sight to behold?


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