Los Angeles:
Hollywood Studios and the unions representing film workers joined forces on Monday to encourage US President Donald Trump to give tax relief to US films.
The joint letter, also signed by Jon Voight and Sylvester Stallone – two of Trump’s “ambassadors” in Hollywood – comes days after the democratic president, said he wanted to impose 100 % invoices on foreign films in an effort to help the domestic industry.
The letter thanks Trump “for the support you have shown our industry” and for the attention to the production that goes abroad. But he makes no mention of Trump’s invoice plan, a proposal that was addressed with a disorder across the industry, with observers saying they had no idea how such a tax could work.
“At present, more than 80 countries are offering tax incentives and therefore, many productions that could have been shot in America, instead they are elsewhere,” the letter says.
“Returning more production to the United States will require a national approach and wide policy solution, including long -term initiatives, such as the implementation of federal mobilization of cinematic and television tax incentives.”
The idea of a federal tax credit system was also proposed last week by California Governor Gavin Newsom.
The letter, from the Cinema Union-an umbrella that is grouped for large studios and streamers-and the unions representing directors, actors and writers, proposes a series of tax references that would make the creation of films cheaper.
“A domestic production incentive would make the US market more competitive and capable of maintaining and returning high-profile jobs associated with film and television productions-and the use of this discount has promoted historically significant economic and employment increased,” he says.
Invoices in ‘foreign’ movies
America’s film industry has gradually removed from its traditional home in and around Hollywood, as production has shifted to cheaper locations.
The number of days in Los Angeles reached a low year last year than during the Covid-19 pandemic, when it was completely filmed.
Less than one in five films or television series broadcast in the United States were created in California, according to Filmla, an organization watching the film industry.
Loss of this production has a significant economic impact. According to the letter to Trump, every day a movie shoots in location spends more than $ 670,000 and employs about 1,500 people.
On May 4, Trump told the social media that “the film industry in America is dying very rapid death”.
He said he had told the Ministry of Commerce and the office of the US Commercial Representative to impose a 100 percent invoice “on all films coming to our country produced in foreign countries”. AFP
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