Tax change for movies made in UK
Now don't quote me on this, I'm no expert, but last year Brown struck a knife through the British film industry. Tax relief to promote production of films produced in the UK was cancelled. There was an outcry from the industry at the time. Now, a year on, after several films in production or pre-production have been pulled, Gordo has cottoned on that by over taxing an industry, you effectively kill it, and therefore receive less tax.
So, in true New Labour fashion, we are to have film 'credits'. (I thought that was reserved for the roll of tape at the end of a movie?!)
What a f***ing U-turn.
Now don't quote me on this, I'm no expert, but last year Brown struck a knife through the British film industry. Tax relief to promote production of films produced in the UK was cancelled. There was an outcry from the industry at the time. Now, a year on, after several films in production or pre-production have been pulled, Gordo has cottoned on that by over taxing an industry, you effectively kill it, and therefore receive less tax.
So, in true New Labour fashion, we are to have film 'credits'. (I thought that was reserved for the roll of tape at the end of a movie?!)
What a f***ing U-turn.
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