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Britain Offering Tax Breaks

IMDb has a blurb about new tax laws coming down the pike for Britain. Smaller budget movies ($36 million or less) will receive a 20% tax break. Movies above that cost ceiling will only get a 16% tax break. In order to qualify for the break, at least 25% of their budget must be spent in Britain.

I see two interesting things coming out of this. 1. This gives incentives to produce smaller movies, this could increase the number of niche movies attempted in Britain. 2. Because only 25% of the budget has to spent in Britain, the country could pick off smaller parts of larger productions that for some reason are tied to other locations. (Movie is set in Italy, but it still requires sound stage work, which could be cheaper now in Britain.) --Terrence Ryan

Posted by on March 23, 2006 5:31 PM
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