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Film, TV Tax Breaks Resulted in $18 Billion Boost for U.K. Economy According to New BFI Report
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variety.comK.J. Yossman A new report from the British Film Institute (BFI) reveals that film and high end TV tax breaks have resulted in the highest ever return on investment in the U.K.The report, which covers the pre-pandemic period from 2017-2019, calculated that tax reliefs across film, high-end television, video games, children’s TV and animation contributed £13.48 billion (almost $18 billion) to the U.K.
economy in 2019 thanks to record levels of production.This amounts to a 56% increase in return on investment since 2016.According to the report, titled “Screen Business,” every £1 of U.K.
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