South Africa’s new tax laws are chasing Hollywood away: report

[BusinessTech]

South Africa’s new tax laws are chasing Hollywood away: report

The Motion Picture Association of America (MPAA) has raised concerns that recent changes to South Africa’s tax incentive scheme and other regulatory proposals which could stunt the development of the country’s film industry.

 

[Ninja'd]

So no more post-apocalyptic movies anymore?

 

[Visser]

According to a report by Variety, under the new guidelines, productions that fail to meet certain benchmarks for supporting black-owned businesses are faced with the prospect of not receiving any cash rebate.

Lol

Stay away from South Africa. So many other better countries you can shoot movies in.

 

[RedViking]

Bad for Cape Town. The rest of SA won't be affected. They have the successful SABC productions.

 

[TelkomUseless]

has begun mandating that a minimum of 20% of qualifying local spend on goods and services procured for foreign productions and co-productions goes to majority black-owned companies

Shooting SA in the foot! So short sighted it's not even funny. #RacismOverJobs!!