Up in British Columbia, legislators are pitching a new film labor tax credit raise up to 40% that will “allow competition with other jurisdictions”. With a proposed cost per-film of $100,000-$120,000 paid by the taxpayers, there is obvious backlash.
But economists call it “corporate welfare,” and say B.C. should get out of what has become a “race to the bottom” with tax incentives.
“We know that we have the best crews in North America,” he said in one of his final rallies, where he was surrounded by close to a thousand supporters at Vancouver Film Studios.
“All they require is a level playing field and we will compete, and we will win, and we will bring jobs to British Columbia.”
via NDP’s ‘corporate welfare’ for film industry won’t save jobs: economist | Globalnews.ca.
