“Gone with the Fiscal Wind”: The Success of Tax Breaks in Supporting the Film Industry

The film industry lies at the crossroads between culture and business, essentially depending on direct public funding (subsidies, incentives, etc.) and, increasingly, indirect public funding (for example, tax breaks aimed at stimulating investment by private sponsors). In comparison to Hollywood, public funding is more relevant in Europe due to the smaller scale of the industry. This article highlights a new “era” of tax incentives aimed not only at providing financial resources but also promoting non-fiscal goals.