06-29-2014, 08:52 AM
You might remember that one of the argument for shooting "The man who killed Don Quixote" in Spain and particularly in the Canary Islands was the tax deduction of the region, which culminates at 38% in the Canary Islands, with no caps on the deduction.
Well, this could all change, as the spanish government released a draft for a new fiscal reform putting a cap on the tax rebate : the production wouldn't be able to get back more than 3 million euros. That's for any film, whatever its budget is.
So the Spain tax regime could go from being one of the most to one of the less attractive fiscal regime for filming in Europe...
Gilliam's producer Adrian Guerra wants to put pressure on the parliament to get amendents and save the tax rebate regime but I don't know how it'll turn out. I hope that the new reform won't be the final blow for Gilliam's film.
Well, this could all change, as the spanish government released a draft for a new fiscal reform putting a cap on the tax rebate : the production wouldn't be able to get back more than 3 million euros. That's for any film, whatever its budget is.
So the Spain tax regime could go from being one of the most to one of the less attractive fiscal regime for filming in Europe...
Gilliam's producer Adrian Guerra wants to put pressure on the parliament to get amendents and save the tax rebate regime but I don't know how it'll turn out. I hope that the new reform won't be the final blow for Gilliam's film.