Wednesday, January 2, 2013

Hollywood Gets Tax Incentive Extensions???

"Hollywood players routinely beg the government to raise their taxes so they can pay their "fair share."

Yet the industry moves new productions to places where existing tax breaks help its bottom line. That means plenty of shows and films are shot in states like New Mexico, which feature highly favorable tax rates, as well as destinations north of the border with similar perks.

Now Hollywood has used its clout to ensure that its generous tax incentives will continue in a time of fiscal crisis. And it seems Hollywood's rigorous backing of President Barack Obama and his Democrat peers in the waning months of 2012 paid off......."


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