And it will very likely lead to issues with financing films. Many films these days are shot in multiple locations and use foreign financing, tax breaks and subsidies, sometimes accepting funds from multiple countries.
There are big issues with foreign cinema. We still have a lot of structural advantages in the US to producing films. Production has shifted to other countries because of significant tax incentives. These tax incentives are a way that other countries are frankly not playing fair.
The bottom line for me is that we shouldn't simply accept that films should all be filmed in Canada, Australia, the UK, or elsewhere. Hollywood has been the epicenter of creative jobs in this country for a century, and we should try to preserve it.
Not playing fair? Horse hockey. Every sovereign nation is entirely within their rights to adjust their taxing system for their own benefit. Belief in this juvenile concept of fairness is how we got the unholy mess we're sitting in right now.
US has tons of tax incentives for film, just at the state level. And Trump announced 100% tariffs across the board regardless of if a country has film subsidies.
I wasn’t sure there would be 10, but nearly all the big countries add extra taxes on Hollywood movies to fund their own competitors. It’s effectively a tariff.
There are around 192 countries. I expected "many countries" to be at least 10. Now it's "big countries"? Does Greenland have a tariff on Hollywood films? Does France ban Hollywood films?
