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Film Industry (Tax Reliefs)

Volume 526: debated on Thursday 8 April 1954

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asked the Chancellor of the Exchequer if he has examined the provisions in force in foreign countries, and notably in Italy, details of which have been sent to him, whereby a percentage of cinema entertainments tax is allocated to film producers, with the result that the motion picture industries of such countries are in a flourishing condition; and if he will consider introducing a similar system in this country.

My right hon. Friend has examined various schemes, including that in operation in Italy, which have been proposed for the purpose of assisting the British film industry. He considers however, that the limited amount of relief which can be spared is best given in the way proposed in his Budget statement.