Home Your Ad Here

Go Back   IndieTalk - Indie Film Forum > Making The Film > Filmmaking Misc.

Reply
 
Thread Tools Display Modes
Old 02-12-2017, 09:49 AM   #1
gorillaonabike
Basic Member
 
Join Date: May 2011
Location: London
Posts: 1,563
Explanation of tax breaks

I understand tax repayments in a 'normal' world but really struggle to understand how it works in 'film world.'
In particular, I'd like to understand how it works in different countries.

Is there a website with a really, simple explanation?
gorillaonabike is offline   Reply With Quote
Old Today   #1A
film guy
Basic Member
 
Posts: 17

 
Old 02-12-2017, 10:10 AM   #2
Sweetie
Basic Member
 
Join Date: Oct 2012
Location: Brisbane, Australia
Posts: 4,173
There isn't a simple explanation. If tax systems were simple, accountants wouldn't be needed. Adding extra countries into the mix and it can get very complex. Add to that, tax laws often change and are sometimes open to interpretation.
Sweetie is offline   Reply With Quote
Old 02-12-2017, 10:31 AM   #3
mlesemann
IndieTalk Moderator
 
mlesemann's Avatar
 
Join Date: Jan 2012
Location: Lakewood, NJ
Posts: 1,461
What Sweetie said - it's full employment for accountants AND lawyers.

And in the US, it's different in every state.
mlesemann is online now   Reply With Quote
Old 02-12-2017, 10:53 AM   #4
directorik
IndieTalk's Resident Guru
 
directorik's Avatar
 
Join Date: Jan 2004
Location: hollywood
Posts: 9,064
Quote:
Originally Posted by gorillaonabike View Post

Is there a website with a really, simple explanation?
I don't have the time to post links of several different countries. Each
countries is different and here in the states each state has different
incentives. Georgia has one of the best programs in the states.

CLICK HERE

Film tax breaks are not much different than "normal" tax breaks and
since you understand them you already understand film tax incentives.
Simply; a production spends a specific amount in an area and the local
government charges less in taxes usually by way of a refund.

At one time both Italy and Romania had excellent incentives. If I have
time later in the week I'll look up their film commission web sites for you.

Last edited by directorik; 02-12-2017 at 10:55 AM.
directorik is offline   Reply With Quote
Old 02-16-2017, 08:02 AM   #5
gorillaonabike
Basic Member
 
Join Date: May 2011
Location: London
Posts: 1,563
Quote:
Originally Posted by directorik View Post
At one time both Italy and Romania had excellent incentives. If I have
time later in the week I'll look up their film commission web sites for you.
Thanks, that would be useful. I genuinely don't understand because there seems to be some kind of weird 'loop.' For example, there is a film fund in the EU which investors put money into purely for tax breaks. i.e. if the movie actually makes money, it's not only a surprise but not factored into the investment situation.

It's really bizarre, arcane and slightly insane.
gorillaonabike is offline   Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 09:06 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


©IndieTalk