[quote]REVISED CINEMA LAW TO GIVE SHOT IN ARM TO SAGGING MOVIE INDUSTRY
Taipei, Dec. 16 (CNA) A revised cinema law aimed at giving a shot in the arm to the depressed local movie industry passed its final reading in the Legislative Yuan Tuesday.
Notable among the changes are incentives to encourage companies to invest in the motion picture industry by crediting their investment against their business income tax. The tax break will be valid for five years after the revision takes effect.
Furthermore, the revised law obliges the government to help the cinema industry when its survival is threatened by imports of foreign movies, such as setting up a fund to offer aid to its workers, marking off theaters for the exclusive screening of domestic movies, or setting a ratio of domestic films to foreign films to be screened at theaters.
Taiwan’s domestic movies accounted for 6.73 percent of all movies shown in the country last year and were attended by only 2.21 percent of all moviegoers. [/quote]
2.21 percent…might as well stop making local films altogether. Who cares?