Download or read book Italian Tax Incentives for Film Industry written by Francesca Medolago Albani and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The national approach to public funding of the film industry has been subject to a shift in recent years, at an international level, moving from a grant and subsidy scheme towards more automatic form of supports, including tax incentives. The paper aims at analysing the impact of the new tax credit measures for the Italian film industry, introduced in 2008, within the framework of the 2007 financial law, and in force since the third quarter of 2009. The impact is evaluated on both the domestic film production companies and on the State accounts level. The measure of tax credit for film with cultural requirements provides the film production company with the possibility of offsetting its tax debt (national and regional income tax, VAT, social contribution and costs) during the production, within a cap of 15% of total eligible costs. Starting from the data collected and processed by the Ministry of Culture since the beginning of the implementation phase, the paper aims at demonstrating the positive balance for the State determined by the increase of private investments on film with cultural requirements and, consequently, of the induced direct and indirect tax return. A brief description of the measure will be followed by a comparison of the incremental value produced by the film sector throughout the year following the enforcement of the tax credit measures.

Download or read book Italy s Tax Incentive Scheme for International Film Industry written by Francesca Medolago Albani and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A film production company is always in search of cost effective solutions during the film preparation phase, especially deciding where, when and for how many weeks the shooting will take place. All European countries have implemented tax schemes or other financial measures aimed at attracting international projects, mainly US productions. Italy has been able to catch up only in 2007, by introducing in the yearly financial law (244/2007) a bunch of fiscal measures, among which a 25% tax credit on production costs incurred in Italy and other European countries in connection with foreign productions. The tax credit can be offset against the production company fiscal debt during production resulting in an actual saving. The effort of Italian Government and Parliament has therefore been addressed to encourage inward investments and shooting in Italy. As a result, huge mainstream films have been shot in various Italian locations throughout 2009 and 2010, bringing the Studios back to Italy after a long period of absence. The aim of this work is to provide a first evaluation of the impact of these productions, at an economic and communication level, as well as to assess if and how positive the effect can be considered. Starting from the figures and data emerging from the existing new experiences, the paper estimates the new value added produced by Italian companies and the amount of direct expenses in domestic goods and services made by International companies. Finally the work tries to contribute to the international debate on the film-induced tourism and its multiplier effect on the territory.

Download or read book Impact Analysis of Fiscal Incentive Schemes Supporting Film and Audiovisual Production in Europe written by Jonathan Olsberg and published by . This book was released on 2014 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Audiovisual Observatory publishes a new analysis of the impact of fiscal incentive schemes - tax shelters, tax rebates and tax credits - which aim at stimulating investment in the production of film and audiovisual works. The analysis identifies, describes and categorises the schemes in place across Europe and evaluates their impact in attracting foreign investment, both from within Europe and from other countries too. It then compares the various schemes according to their advantages/disadvantages and examines how they work alongside other economic and political measures. The report concludes by evaluating the impact of these systems in the international context. This analysis was carried out by one of Europe's leading screen sector development consultancies, Olsberg-SPI, providing specialist, high level advice for over 20 years to public and private sector clients in the creative industries, focusing on film, television and digital media.

Download or read book Film TV Tax Incentives in the U S written by Glenda Cantrell and published by Taylor & Francis. This book was released on 2018-03-09 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entertainment tax incentives are one of the greatest tools in the arsenal of filmmaking. They pay a portion of production expenditures back to the filmmaker, while creating powerful economic engines for the states who implement them properly. They are high in the list of considerations for executives to sign off before a movie receives the go-ahead for production, even to the point of dictating the location of where a production is filmed. Yet, they are misunderstood by the filmmakers who use them, the politicians who create them, the economists who measure them, and even the scholars who study them. This book puts all the pieces together in a comprehensive look at how the entertainment industry works, how it uses incentives, and how incentives can benefit a filmmaker – or a state.

Download or read book Branded Entertainment and Cinema written by Gloria Dagnino and published by Routledge. This book was released on 2019-11-25 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The history of Italian cinema is mostly regarded as a history of Italian auteurs. This book takes a different standpoint, looking at Italian cinema from the perspective of an unusual, but influential actor: advertisers. From the iconic Vespa scooter and the many other Made in Italy products placed in domestic and international features, to Carosello’s early format of branded entertainment, up through the more recent brand integration cases in award-winning titles like The Great Beauty, the Italian film and advertising industries have frequently and significantly intersected, in ways that remain largely unexplored by academic research. This book contributes to fill this gap, by focusing on the economic and cultural influence that advertising and advertisers’ interests have been exerting on Italian film production between the post-war period and the 2010s. Increasingly market-oriented film policies, ongoing pressure from Hollywood competition, and the abnormal economic as well as political power held by Italian ad-funded broadcasters are among the key points addressed by the book. In addition to a macro-level political economic analysis, the book draws on exclusive interviews with film producers and promotional intermediaries to provide a meso level analysis of the practices and professional cultures of those working at the intersection of Italian film and advertising industries. Providing an in-depth yet clear and accessible overview of the political and economic dynamics driving the Italian media landscape towards unprecedented forms of marketisation, this is a valuable resource for academics and students in the fields of film and media studies, marketing, advertising, and Italian studies.

Download or read book Tax Incentives for the Creative Industries written by Sigrid Hemels and published by Springer. This book was released on 2017-01-04 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book combines insights from cultural economics, public finance, and tax law, providing an accessible and comprehensive introduction in the application of tax incentives for the creative industries. It does not have a single-country focus, but instead uses the perspective and examples of various countries around the world. The book starts with a theoretical part, introducing the concepts of creative industries and of tax incentives: how can the creative industries be defined, why do governments support the creative industries and how can tax incentives be applied as policy instrument. In the globalized and digitalized world in which the creative industries operate, restrictions imposed by guidelines on harmful tax competition and state aid and regulations influencing the (im)possibility of applying tax incentives in cross-border situations have a great impact. For that reason these legal concepts are discussed as well in the theoretical part. Globalization also gives rise to questions on the cross border application of tax incentives. The example of cross border giving is discussed in this respect. The theoretical part is followed by a part that focuses on tax incentives for specific sectors of the creative industries: museums and cultural heritage, the audiovisual industries (film, tv and videogames), the art market, copyright and artists. This part uses insightful examples from various countries to illustrate the application of these tax incentives. As the book takes both an academic and a practical approach, it is of relevance to researchers, students, policy makers and readers involved in the creative industry who seek an in-depth and up-to-date overview of this alternative way for governments to support the creative industries.

Download or read book State Film Industry Tax Incentives written by John Rappa and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the tax credits and other incentives the New England states and New York and New Jersey offer the film industry.

Download or read book The Art of Investing in Film written by Maria Johnsen and published by Maria Johnsen. This book was released on 2023-04-26 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, I provided a comprehensive guide to film investment, including the history of film investment in Europe and North America, the structure of the film industry, current trends, and the art of investing in film. I covered the various types of investments, such as equity investments, debt investments, gap financing, and tax incentives, and explained the risks and rewards of film investing along with case studies. I have also discussed building a film investment portfolio, due diligence, working with producers, agents, managers and talents, evaluating film projects, negotiating deals, legal considerations, distribution and marketing, and the international market. Additionally, I included case studies of successful and failed investments, as well as real estate and crowdfunding options for film investment. Finally, I concluded with a discussion of the future of the film industry and the role of investors in shaping up the movie industry. I wrote this book out of my deep passion for the film industry and a desire to share my knowledge and experience as a film investor and filmmaker with aspiring investors in this field. My ultimate goal is to inspire and motivate readers to pursue their passion and make a positive impact in the film industry. In addition, I aim to challenge prevalent myths and misconceptions that surround film investment and encourage critical thinking among my audience and readers. I also wrote this book with investors, filmmakers, and academics in mind, as there is currently a lack of practical literature on film investment for higher education. The existing books on the market are outdated and do not provide relevant information for today's industry.

Download or read book Cut And That s a Wrap The Film Industry s Fleecing of State Tax Incentive Programs written by Randle B. Pollard and published by . This book was released on 2014 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: States continue to rely on tax incentive programs to attract and retain businesses and to grow their economies through increased job creation and private capital investment. Most state tax incentive programs are focused on four major industries: manufacturing, agriculture, energy (oil, gas and mining), and the film industry. The cost of tax incentive programs in forgone revenue or direct expenditures continues to increase yearly as states receive less federal funding yet feel the need to compete with other states to attract and retain businesses. The accountability of these programs - “does the cost of the incentives produce the tax development and job growth promised by the recipient businesses?”, is increasingly questioned as recent reports of failed tax incentive programs that do not produce the promised tax returns can be found throughout the United States. This Article focuses on the success of state tax incentives in the film industry. The industry shares the same issues of accountability as other industries but there are more abuses and fraud reported. States have limited resources and cannot afford costly multi-million dollar tax incentive programs for the film industry that do not produce the promised results. This Article argues that states should reexamine the need for the incentives and curtail their film industry incentive programs according to the likelihood of film production in their state. States that maintain or increase their film industry incentives programs should institute limits on incentives awarded and create more accountability of performance on film industry production companies.

Download or read book Impact Analysis of Fiscal Incentive Schemes Supporting Film and Audiovisual Production in Europe written by Andrew Barnes and published by . This book was released on 2014 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book European Film and Television Co production written by Julia Hammett-Jamart and published by Springer. This book was released on 2019-01-28 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume offers an up-to-date analysis of film and television co-production in Europe. It brings together the voices of policy professionals, industry practitioners and media industry scholars to trace the contours of a complex practice that is of increasing significance in the global media landscape. Analysis of the latest production statistics sits alongside interviews with producers and the critical evaluation of public film policies. The volume incorporates contributions from representatives of major public institutions—Eurimages, the European Audiovisual Observatory and the European Commission—and private production companies including the pan-European Zentropa Group. Policy issues are elucidated through case studies including the Oscar-winning feature film Ida, the BAFTA-winning I am not a Witch and the Danish television serial Ride Upon the Storm. Scholarly articles span co-development, co-distribution and regional cinemas as well as emerging policy challenges such as the digital single market. The combination of qualitative and quantitative approaches, and the juxtaposition of industry and scholarly voices, provides a unique perspective on European co-production that is information-rich, complex and stimulating, making this volume a valuable companion for students, scholars, and industry professionals.

Download or read book The European Film Production Guide written by Arthur Andersen and published by Routledge. This book was released on 2013-09-13 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Film Production Guide sets out in one comprehensive volume the major economic, financial and business considerations which independent producers need to bear in mind when making films in or with other countries within Europe. Arthur Andersen provides creative solutions for its clients through audit, tax, business advisory and speciality consulting services. Its professsionals combine extensive technical competence and industry experience with innovative and progressive thought, enabling Arthur Anderson to exceed client expectations.

Download or read book A Report on the Massachusetts Film Industry Tax Incentives written by Massachusetts. Department of Revenue and published by . This book was released on 2008 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Film Financing and Television Programming written by and published by . This book was released on 1996 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Rise and Fall of the Italian Film Industry written by Marina Nicoli and published by Taylor & Francis. This book was released on 2016-12-08 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Italian cinema triumphed globally in the 1960, with directors such as Rossellini, Fellini, and Leone, and actors like Sophia Loren and Marcello Mastroianni known to audiences around the world. But by the end of the 1980s, the Italian film industry was all but dead. The Rise and Fall of the Italian Film Industry traces the rise of the industry from its origins in the 19th century to its worldwide success in the 1960s, and its rapid decline in the subsequent decades. It does so by looking at cinema as an institution – subject to the interplay between the spheres of art, business, and politics at the national and international level. By examining the roles of a wide range of stakeholders (including film directors, producers, exhibitors, the public, and the critics) as well as the system of funding and the influence of governments, author Marina Nicoli demonstrates that the Italian film industry succeeded when all three spheres were aligned, but suffered and ultimately failed when they each pursued contradictory objectives. This in-depth case study makes an important contribution to the long-standing debate about promoting and protecting domestic cultures, particularly in the face of culturally dominant and politically- and economically-powerful creative industries from the United States. The Rise and Fall of the Italian Film Industry will be of particular interest to business and economic historians, cinema historians, media specialists, and cultural economists.

Download or read book European Union Law of State Aid written by Kelyn Bacon QC and published by Oxford University Press. This book was released on 2017-01-19 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive practitioner guide to the EU law of State aid, covering all relevant legislation, case law, and the dominant themes shaping EU State aid policy. It discusses the concept of State aid and its development in the European Union, as well as practical aspects such as procedures for notification to the European Commission, and enforcement in the European Court and national courts. It offers extensive coverage of specific sectors, including transport and shipbuilding, media and communications, energy and environmental protection, culture and heritage, and agriculture. The third edition is fully updated to cover the extensive legislative changes in this area, including the new General Block Exemption Regulation and De Minimis Regulation, horizontal aid guidelines, and sectoral guidelines for aviation, cinemas, agriculture, and fisheries; as well as State aid cases in the national courts, particularly the UK, and recent European Court jurisprudence. Accessible to competition lawyers and non-specialists, the book's clarity and concision make it an invaluable reference to this area of law.

Download or read book European Union Law of State Aid written by Kelyn Bacon and published by Oxford University Press. This book was released on 2017 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive practitioner guide to the EU law of State aid, covering all relevant legislation, case law, and the dominant themes shaping EU State aid policy. It discusses the concept of State aid and its development in the European Union, as well as practical aspects such as procedures for notification to the European Commission, and enforcement in the European Court and national courts. It offers extensive coverage of specific sectors, including transport and shipbuilding, media and communications, energy and environmental protection, culture and heritage, and agriculture. The third edition is fully updated to cover the extensive legislative changes in this area, including the new General Block Exemption Regulation and De Minimis Regulation, horizontal aid guidelines, and sectoral guidelines for aviation, cinemas, agriculture, and fisheries; as well as State aid cases in the national courts, particularly the UK, and recent European Court jurisprudence. Accessible to competition lawyers and non-specialists, the book's clarity and concision make it an invaluable reference to this area of law.