A tax on Hollywood movies has been proposed in USA
The Ministry of Culture of USA has come up with a new initiative to avoid a multiple increase in the cost of a rental license for domestic distributors. As reported by The Hollywood Reporter, at a government meeting, Minister of Culture Vladimir Medinsky proposed to establish an additional three percent tax on all foreign-made movies shown in USA. Recall that an increase in the cost of a rental license from 3,500 to 5,000,000 rubles was previously discussed ... This initiative was opposed by many USA producers and distributors, believing that the adoption of such a law would make it impossible to show the majority of independent and festival movies. It is expected that the new proposal of the Ministry of Culture will be discussed at the beginning of 2018 and, if all interested parties agree, it will become law by the end of the year. The USA government is confident that the new tax will raise up to one and a half billion rubles, which will be used in the future to support domestic moviemakers. The largest USA distributors Sony, Disney and Fox have so far refused to comment on this. The Topic of Article: A tax on Hollywood movies has been proposed in USA. |
