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Filming on Location? It's Lights, Camera, Tax Breaks!

Filming on Location? It's Lights, Camera, Tax Breaks!

FromTalking Tax


Filming on Location? It's Lights, Camera, Tax Breaks!

FromTalking Tax

ratings:
Length:
8 minutes
Released:
Jul 2, 2020
Format:
Podcast episode

Description

By now it's no secret that many states offer film and television productions huge tax breaks. But what you may not know is that those tax breaks can be bought and sold, and they've been ending up in the hands of some very wealthy businesses and individuals—including one person who is arguably the wealthiest, most famous woman on Earth.
On this week's episode of Talking Tax, reporter Sam McQuillan explains to host Siri Bulusu why Hollywood studios are selling the tax credits they get from states, who's buying these credits, and whether there's any momentum among policy makers to address this show business tax scheme.
Released:
Jul 2, 2020
Format:
Podcast episode

Titles in the series (100)

Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.