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Greens say 30% tax rebate on films essential

Media Release
Christine Milne 6 Mar 2013

The Australian Greens are calling on the Gillard Government to increase the location tax offset for films from 16.5 per cent to 30 per cent to ensure Australia becomes the world's premier location for major international film and television production.

This week the Greens received costings from the Parliamentary Budget Office which reveal this initiative will cost $27 million over the forward estimates.

"The PBO costings show this is a small investment for a huge multiplier," Senator Christine Milne said.

"This investment will be returned many fold, keeping talented and creative people in Australia, creating thousands of jobs in the creative arts sector and generating millions in local investment.

"Last year when I visited the set of Wolverine I was delighted to discover the film had employed 1700 people, contracted 850 companies and generated $80 million for the local economy.

"However, the Government needs to move beyond one-off deals, as they have done with Wolverine and 20,000 Leagues Under the Sea, and implement a long-term policy that will drive innovation and creative jobs growth.

"When I spoke to the director of Wolverine it was clear that film locations are chosen on the bottom line alone. Australia will not be in the running without this permanent policy position, which is why we need to move beyond one-offs.

"A 30% tax break on films will benefit jobs, it will enhance vibrancy in the community, and it will help Australia transition from a resource-based economy to a diversified knowledge, service and skills-based economy.

"The cultural sector is a critical driver in the transition from a dig it up, cut it down, ship it away economy to the diverse and innovative future we want."

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