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I suspect that the suits are reacting to the British tax laws.
General Tax Rules for the Movie Industry
http://www.inlandrevenue.gov.uk/spec..._notes2003.pdf
Some new tax rules (increases) are being introduced this year.
http://www.inlandrevenue.gov.uk/pbr2004/sup_ta_film.pdf
UK GovernmentÆs definition of a British Film
http://www.culture.gov.uk/creative_i...itishfilms.htm
and
http://www.culture.gov.uk/NR/rdonlyr...ritishfims.pdf
Extract
(Translation you are allowed 2 Americans)
Benefits of getting the film classified as British
http://www.culture.gov.uk/NR/rdonlyr...e/BENEFITS.pdf
(I think it means that on a big film the studio can deduct tax over fewer years.)
General Tax Rules for the Movie Industry
http://www.inlandrevenue.gov.uk/spec..._notes2003.pdf
Some new tax rules (increases) are being introduced this year.
http://www.inlandrevenue.gov.uk/pbr2004/sup_ta_film.pdf
UK GovernmentÆs definition of a British Film
http://www.culture.gov.uk/creative_i...itishfilms.htm
and
http://www.culture.gov.uk/NR/rdonlyr...ritishfims.pdf
Extract
(b) 75% of the total labour cost - after deducting the cost of two persons whose nationality must be non-Commonwealth/EU/EEA/Association Agreement country, and one of whom must be an actor (and engaged in making the film in no other capacity) - must have been paid to citizens or ordinary residents of the Commonwealth, EU/EEA or a country with which the European Community has signed an Association Agreement*;
Benefits of getting the film classified as British
http://www.culture.gov.uk/NR/rdonlyr...e/BENEFITS.pdf
(I think it means that on a big film the studio can deduct tax over fewer years.)
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