The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Macro Economic Trends and Risks


Subject:  Re: Wealthy exodus worries in California... Date:  1/19/2018  12:01 PM
Author:  tim443 Number:  529864 of 572180

Texas and Canada (among others) give tax breaks and other aid to out of state movie companies.

Michigan used to do the same. The handouts have been sharply cut back in recent years, though Detroit still attracts some interest for appocolyptic films like the "Transformers" series.

Of course it is not Canada but rather some provinces that give tax breaks. Nova Scotia also decided that the cost wasn't worth it and cut them significantly a few years back. I've always thought that such things including all the call centers we subsidized turn into a race to the bottom with governments trying to out bid each other. There are no roots to keep many of these industries so as soon as they get a better offer they load up the trucks.


McNeil's major move: Cuts to film tax credit
Two years after industry was blindsided and feared for its future, recovery is ongoing
By Michael Gorman, CBC News Posted: May 01, 2017 6:00 AM AT


The Liberals incited one of the largest protests of their mandate when the 2015 budget essentially gutted the labour-based credit. Cue a series of hastily organized meetings between representatives of the film and TV industry and the government that eventually resulted in a compromise and a new fund that focuses on the total amount of money a production spends in the province.

Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us