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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Asia Pacific World Search Search: France hopes for more film action with new tax break AFP - Friday, December 19 PARIS (AFP) - - France is hoping for more Hollywood action at home after parliament adopted a tax break for foreign films expected to bring in 200 million euros (282 million dollars) of fresh revenue over the next couple of years. The new legislation, enacted overnight from Wednesday to Thursday, gives foreign film-makers a 20 percent tax break, with a ceiling of up to four million (5.6 million dollars) per movie, for films shot over a minimum five days in France. The concession, however, is conditional on the films "carrying in the narrative, elements attached to France's culture, heritage or land." "This measure will help the entire film sector," Franck Priot, deputy head of Film France, told AFP. With the giant industry currently under fire from its neighbours, where tax rebates and labour costs are more conducive, the law brings France closer in line with shooting costs in Britain, Germany, Hungary and parts of Spain. Costs in France, said Lydie Fenech, who heads a grouping of 80 movie companies in southern France, were 30 to 40 percent higher than in Montenegro. After seeing Hollywood spend more than a quarter of a million dollars a day in 2005 when filming blockbusters like Paris-located "Da Vinci Code" or "Mr Bean's Holiday," there were no major foreign shoots at all in France this year. Even Quentin Tarantino decided to shoot 95 percent of a film set in wartime France in cheaper Germany. "In 2008, foreign production companies spent a mere 3.7 million euros on four films in France. It was a catastrophic year," Thierry de Segonzac, who heads the Federation of Film, Audiovisual and Multimedia Industries (FICAM), told AFP. FICAM estimates that the tax rebate will generate 480 days of foreign shoots in comparison to a current 120. Film France, which promotes movie shoots, said it expected direct revenue from the new measure to generate 200 million euros by 2010, while also helping to boost the tourist sector. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Hollywood France hopes for more film action with new tax breakAFP - Friday, December 19 Redford, Crowe join stars against actors strikeAFP - Friday, December 19 'Doubt' emerges as actors awards front-runnerAFP - Friday, December 19 New Zealand turning possum pest into luxury businessAFP - Thursday, December 18 Related Articles: Entertainment & Lifestyle New U2 album on horizon: record labelAFP - 13 minutes ago Ed McMahon, wife have no plans to move from homeAP - 27 minutes ago NBC News' Todd, Guthrie to cover White HouseAP - 2 hours 52 minutes ago SAG Awards nominations come as strike vote loomsAP - 2 hours 55 minutes ago Chiklis is creating a drama about investor fraudAP - Friday, December 19 Enlarge Photo The Hollywood sign in Los Angeles. France is hoping for more Hollywood action at home after parliament adopted a tax break for foreign films expected to bring in 200 million euros (282 million dollars) of fresh revenue over the next couple of years. Related Full Coverage Paris Hilton American celebutante, businesswoman, model, actress All Full Coverage Most Popular – Entertainment Viewed Actress Jennifer Aniston appears naked in GQ magazine 'Dark energy' expands, contracts universe: researchers US doctors hail near-total face transplant Dollar dives to 13-year low against yen after Fed cut Chrysler halts manufacturing as clock ticks on gov't bailout View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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