From Michael Geist of the Toronto Star:
Tax credits for film and TV production a race to the bottom
The Nova Scotia government has been embroiled in a high-profile controversy for the past week following its decision to slash tax credits available to film and television production in the province. The decision sparked an immediate backlash from the industry, which staged a major protest on Wednesday across from the legislature in Halifax.
While the governmentâ€™s approach is certainly open to criticism â€“ abruptly cutting the tax credits without warning may force the cancellation of long-planned productions this summer â€“ the larger question of whether it should provide massive tax relief to the film and television industry is an important one. Continue reading.