AUSTRALIAN FILM TAX FAVOURS AMERICANS

Stratford Evening Post, Issue 91, 5 July 1930, Page 5

AUSTRALIAN FILM TAX FAVOURS AMERICANS

LONDON OPINION, JUS THEODORE EXPLAINS MEASURE. INCREASED AD MIS,3IOI*I CHARGER LIKELY Press Association—Go />yrigjat. (Received 9.25 tun.) LONDON;, July 4. Mr Theodore’s ami oimcemeut ! Hurt the Oix on foreign films applies equally to Hj itish films, simply means a tax in favour of the Americans. u&HAQSk..(Received 9..‘J ! 5 a.m.) CANBERRA, This Day. During his seeou cl reading of the ispeech on th e iucaome tax assessmenl bill, the Fe fl.eral Treasurer, MR. Theodore exi ftaiued the iucidclence of taxationj. He said the r? t L e of tax on foreign film corpora .Liaas would he the ordinary company rate 14.4 d in the pound.and would only apply where the profits' exce oded thirty per cent, of the gross f aking in’ Australia. Tn c film trade * express the opinici. that the n.-ew lax will produce roughly twenty, seven thousand per year and will probably mean increased admission charges.