No. of Recommendations: 5
The next one could be a lot more expensive.
Trump takes his tariff war to the movies announcing 100% levies on foreign-made films
President Donald Trump says he will slap a 100% tax on movies made outside the United States — a vague directive aimed at protecting a business that America already dominates.
Claiming that movie production “has been stolen’’ from Hollywood and the U.S., Trump posted on his Truth Social platform that “I will be imposing a 100% tariff on any and all movies that are made outside of the United States.’’
It was unclear how these tariffs would operate, since movies and TV shows can be transmitted digitally without going through ports. Also unclear is what it would mean for U.S. movies filmed on foreign locations — think James Bond and Jason Bourne — or what legal basis the president would claim for imposing the tariffs.https://apnews.com/article/trump-tariff-movies-hol...The article says the edict is vague. To me, "making" a movie includes shooting, editing, and scoring. A *lot* of the films released by USian studios are largely produced outside of the country, then a Paramount or Fox label is pasted on it. And, what about TV shows? I have been working my way through the last two seasons of "Stargate SG-1", which has an MGM label on it, but was shot around Vancouver.
How would you account for the actor's pay? Say a USian, Kevin Costner, as an example, goes to Italy to shoot a film. Is the pay of the USian included in the taxable cost of the film, when it is brought into the US?
Does the infrastructure still exist in the US to entirely produce as many movies as are currently being distributed in the US?
Steve
