12
Keir Starmer pins economic growth hopes on British Hollywood with new tax relief
(www.independent.co.uk)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 09 Oct 2024
12 points (100.0% liked)
United Kingdom
4083 readers
241 users here now
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 1 year ago
MODERATORS
Pinning your hopes on tax relief on Hollywood when Hollywood is perfectly fine pushing the absolute limit of whats legal with their finances seems as daft as his carbon capture scheme. Hollywood is quite prepared to cancel or delete even expensively made content because it will make them more money as a tax rebate than with residuals or marketing costs.
Even if they don't out right cancel it, we end up subsidising bombs like the $50m tax break wasted on Ant-Man and Wasp or $55m for Marvels that lost Disney $300m ish.
Giving them more tax rebates is also dumb because you are competing any number of other places for who can be the cheapest to work at with the largest tax breaks, its not a sustainable marketplace. Its much like the countries who offer Nike incentives to come build a factory there.