AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Film industry at risk if tax breaks axed.
(From Irish Independent)
OVER 3,400 Irish film industry jobs could be lost if the Government goes ahead with a plan to axe tax incentives for film-makers, Screen Producers Ireland (SPI) warned yesterday.
The body urged the Government to extend tax breaks, known as Section 481, for tenyears and said the incentives have helped the industry grow by an average of 18pc every year for the last ten years.
At present, 4,300 people are employed directly in the film industry, injecting [euro]49mannually into the labour market.
However, a report commissioned by SPI concluded that 80pc of activity in the filmindustry would disappear if Section 481 was abolished, with a knock-on effect on jobs. In the Budget, Finance Minister Charlie McCreevy said that the incentive would cease at theend of 2004.
The report said that up to 11,000 people could be employed in the industry in ten years'time and turnover could rise from [euro]103m to [euro]500m, if the incentives remain in place.Ireland is now considered one of the top six locations for film in the world.
Figures in the report show that the industry contributes [euro]107m to GDP and accounted foran average of [euro]136m in foreign development. The SPI report claims that the Government gets a three-to-one return on its investment in the film industry through Section 481.
- Hotline used by pranksters.(whistle-blowing hotline mostly used by bogus...
- Magazine article from: Accountancy Age Hawkes, Alex September 21, 2006 700+ words
...come from aggrieved managers or spouses. Read more at accountancyage.com/2164009 tax breaks for pinewood New tax breaks are set to boost the film industry, according to Pinewood Shepperton chief executive Ivan Dunleavy. Reporting interim...
- Film industry gets happy ending as Treasury grants tax breaks
- Newspaper article from: Jerusalem Post SARAH SECHAN SARAH SECHAN August 4, 2009 700+ words
...SARAH SECHAN Jerusalem Post 08-04-2009 Film industry gets happy ending as Treasury grants tax breaks Byline: SARAH SECHAN SARAH SECHAN Edition...the budget cuts imposed on the Israeli film industry last month, from NIS 67 million to NIS...
- NYC film industry at risk as Albany tax breaks run out; Allocation for state...
- Magazine article from: Crain's New York Business February 9, 2009 700+ words
...Division of the Budget says, "There are no new allocations proposed in the [governor's] budget.'' By all accounts, the tax breaks have been spectacularly successful in bringing productions to New York. The state program was started in 2004. Last April...
- Bold tax breaks bolster Australia's film industry.
- Newspaper article from: Sunday Business (London, England) January 27, 2002 700+ words
AUSTRALIA'S film industry is preparing for further strong growth in foreign film production, thanks to some flag-waving by five Australians, inc-luding...
- Film investment tax breaks are 'not enough to curb risk'.
- Magazine article from: Financial Adviser March 4, 2007 700+ words
...the chancellor's film industry tax breaks, investment firms...and supporting the film industry, they are worth...If the British film industry has done well off...were buffered by tax breaks. He said: "Certainly...
- Fade-out for big screen tax breaks.
- Newspaper article from: Sunday Business (London, England) December 1, 2002 700+ words
...than u50,000 (E80,000). But now the government is gradually phasing out this form of financing. Tax breaks for the film industry were introduced in 1992, extended in 1997 and are still available until 1 July 2005. However, the conditions...
- NEW TAX BREAKS PROPOSED TO STEM RUNAWAY FILMING BILL WOULD BENEFIT STUDIOS THAT...
- Newspaper article from: Daily News (Los Angeles, CA) February 13, 2003 700+ words
...locations by proposing federal tax breaks. The U.S. Independent...competing nations build up their film-industry infrastructures and enhance...earlier criticism that the tax breaks might benefit the adult-film industry, the bill bans access to...
- Two California Legislators Propose Tax Breaks to Keep Film, Television Jobs.
- Newspaper article from: Knight Ridder/Tribune Business News February 13, 2003 700+ words
...locations by proposing federal tax breaks. The U.S. Independent...competing nations build up their film-industry infrastructures and enhance...earlier criticism that the tax breaks might benefit the adult-film industry, the bill bans access to...
