Posted on 10/10/2013 6:40:22 PM PDT by TexGrill
BUSAN – Taiwan may impose a 5% tax on all cinema tickets sold in the island territory. The proceeds will be channeled into a fund to help support the local movie industry. The proposal was put forward Wednesday by the Ministry of Culture at a meeting with local film-makers and industry bodies. The ministry positioned the move as an amendment to the existing Motion Picture Act. It said that the tax would be levied on ticket sales for all films, domestic and foreign. The support fund would provide subsidies for Taiwanese film-makers and screenwriters, and encourage them to make more films. Domestic market share for local titles this year stands at 17%. That is considerably lower than the 60% currently enjoyed by some Asian neighbors; Korean films in South Korea and the more than 50% enjoyed by Chinese films in China. But it is higher than the scores for local films in Singapore or Australia. Cinema operators said that the tax would have to be passed on to customers and would lead to an increase in ticket prices, something many operators have avoided for several years for fear of deterring audiences.
(Excerpt) Read more at variety.com ...
I have LONG said that the way to get Hollywood and the Media to wake the hell up, is to put a 20% excise tax on all media-related income and revenues.
You’d witness Hollywood liberals become screaming Conservatives, overnight.
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