Hollywood studios offered tax break in Gold Coast

HOLLYWOOD filmmakers are being offered bigger tax breaks to lure blockbuster productions to Australia.

The $140 million federal budget sweetener will effectively double the existing rebate offered for films to 30 per cent.

“Many, many producers want to make films in Australia because they love our talent, they love our people,” Communications Minister Mitch Fifield told reporters on the Gold Coast on Friday.

“What this does is it gives them the excuse, and the reason, to do just that.”

Foreign Minister Julie Bishop believes Australia needs the added incentive to remain competitive in the ultra-competitive world of international film and television production.

Ms Bishop is confident the cash injection will guarantee a pipeline of work for studios, which often lay empty.

“I’m delighted…

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