Written by David Lewis on Jun 26, 2008. Posted in Incentive News

Italian industry threaten boycott over film tax credits

Leading film industry bodies in Italy are threatening to pull Italian entries to the Venice, Rome and Turin film festivals if the country's new right-wing government abolishes tax credits promised in the 2008 national budget.

The threat was including in a joint statement from motion picture organisation Anica, independent producers group Api and exhibitor's body Agis.

The law was intended to benefit all of Italy's national cinema and included not only tax credits to those investing in national films but also support for distribution and exhibition – particularly to cinema owners converting cinemas to digital.

Foreign producers stood to see costs reduction up to $7.8m (Euro 5m) per film if they worked through an executive producer who could, in turn, access the tax credit.

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