Motion picture industry -- Taxation, Motion picture industry -- Taxation -- United States
Being one of the largest industries in the world, the film industry remains an economic powerhouse in our society. It’s for this reason that film’s messages are not the only political aspects of their creation. Senators and representatives across the country are increasingly seeing the film industry as key towards economic development. With incentive packages being placed around the country, the politics over the film industry have become an overwhelming power game. Politicians are being threatened with recalls and impeachment to keep their economies afloat during harsh economic times. Without raising taxes, representatives have hit a wall. Increasing debt and job shortages, in our current economy, are leading politicians to the West for economic growth. Whether film is considered a piece of art or a commercial product, state and local governments are looking West with Hollywood as the possible answer.
"Tax Competition in the Film Industry,"
1, Article 4.