Media, Sport & Entertainment: Recoup or regroup
The tax and subsidy era in the film industry is now well and truly upon us, but how did we arrive here and what does the future hold for such structures and those who make use of them? Michael Maxtone-Smith reports
At Cannes this year, someone said to me: “Look at those boats – they’re all UK tax funds. They weren’t here two years ago and they won’t be here in two years’ time.” He was exaggerating of course: some of them are here to stay and provide the innovative finance structures that in turn provide much needed capital for the film business.
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