Entities of which they account for about 80% of independent national production have decided to support the creation of a 6% tax rate on companies’ revenues to finance the sector.
In a document, the Union of Brazilian Audiovisual Industry, which brings together several associations and producing companies, says it presses for a 12% rate to fund Condecine (contribution to the development of the national film industry), as it is defended by the sector, would not be realistic. The rate needs to be approved by.
“We must not forget: we are entering an electoral period. The legislature would top the burden of a 12% increase in signatures increase? We can think that increase is not our problem. But the argument is strong enough to block the project. Again we have the circumstances against,” says the document.
Condecine’s creation is supported by, but faces lobbying opposite to streaming companies, which argue that they would have to pass the cost to the consumer.
The audiovisual sector recalls that such rates already exist in several countries, but only in France and Italy is greater than 6%.
The calculation is that the contribution could generate $ 1.5 billion per year to finance the audiovisual.
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