Heads Up Hollywood

Chapter 103 Tax Refund

In fact, with Tang En's current status, he didn't need to work too hard at all. When he was in a good mood, he would shoot a movie, but when he was in a bad mood, he would just sit and eat, surrounded by beauties, and live happily ever after.

But the reason why people are human is to have goals, pursuits, and ambitions!

Tang En likes to associate with all kinds of beauties. This is a hobby, not a pursuit.

His pursuit is movies, and his ambition is Hollywood!

So Tang Enming knew that the next period of time would be very troublesome, and he needed to coordinate various contacts to obtain a loan, and he would not hesitate to support him in casting "Spider-Man".

He even planned to invest in a movie "A Beautiful Mind" after the funds returned a bit.

On the one hand, Tang En wanted to appease Nicole Kidman, and on the other hand, he wanted to win an award!

Commercial movies, Twain has achieved unprecedented success, and Star Wars has become the hottest topic this summer!

Now, Tang En also needs to be recognized by the literary and art circles.

Status lies not only in one's own strength, but also in the approval of others.

For example, right now, Tang En is wearing a neat suit and a light layer of makeup on his face, making him handsome and unrestrained, and he is taking pictures in the studio.

He's going to be on the cover of a magazine.

Not just any magazine, of course, but Time Magazine!

When the North American box office of "Titanic" exceeded 500 million US dollars in 1997, he was invited by Time Magazine. This is the second time he has appeared on the cover of Time Magazine.

The first edition is expected in June.

After spending half an hour, Twain finally finished the filming. Reese Witherspoon rushed over and said hastily, "Brian Lord has a message that the loan matter has already begun."

"Oh? Have you made an appointment?"

"Two o'clock in the afternoon, Fox's president's office."

"good."

Tang En nodded, acted vigorously, and suddenly turned his head with a smile, "Reese, is the work of the secretary too tiring?"

Reese pursed her lips and laughed, "It's okay, but the salary is too low."

Tang En's face froze, quite embarrassed.

...

That afternoon, Brian Lord and Tang En from CAA showed up at Tom Rothman's office on time.

Tang En picked up a document, which stated the necessary loans that some investment institutions could provide, and some were not satisfied.

Low amount, high interest!

"Twain, after all, "The Wedding Crashers" has not yet been released, and the future income is too difficult to control. The 20 million US dollars loan for this movie is already for my sake."

Since it is cooperation, Tom Rothman is very sincere.

Tang En said coldly: "My investment in this movie is 18 million US dollars. After including the investment-related taxes and fees, I have already spent 20 million US dollars. Well, in the end, my work was wasted?"

Brian Lord quickly smoothed things over, "Twain, we all have confidence in you, but you have to understand that those investment institutions don't understand the market."

"That's right, Twain, although the loan for this movie is less, but "Star Wars" is so popular now, you have 15% of the global box office share, and you can get at least a 100 million dollar loan!"

Tom Rothman is very satisfied with the box office trend of this movie. The only dissatisfaction is that the peripheral sales are a little less than expected. The children... some don't understand the movie.

"120 million? It's not enough at all!" Tang En frowned, his expression ugly.

Tom Rothman said with a smile: "Don't worry, isn't there "My Big Fat Greek Wedding", the sales of discs are very good, and it is estimated that this year will bring you about 35 million in income. A loan of 30 million will definitely be no problem, Doesn't that solve the $150 million investment fee?"

Tang En glanced at him. It seemed that this guy really put his heart into it. He put together everything and finally completed the task of 150 million US dollars in loans.

It's just... Tang En's appetite has changed again.

In August or September, he will also invest in a movie called "A Beautiful Mind"!

After hearing about Tang En's plan, Tom Rothman rolled his eyes and almost died.

Brian Lord is also dumbfounded, this young man is really making trouble for himself all the time, but...he is really energetic, young, and aggressive!

"How much did you invest in that movie?"

"It's an art film, the male lead must have superb acting skills, as for the female lead... I plan to let Nicole play it."

Tom Rothman's face was almost distorted, "I'm afraid it will cost at least 30 to 50 million investment. Dunn, are you too anxious?"

Tang En shook his head, ""Spider-Man" is just a commercial film, but "A Beautiful Mind" is the representative of Tang En Pictures, I want to use it to hit the Oscars."

Brian Lord was silent for a long time, "It's not impossible."

Tom Rothman said bitterly: "The loan of 150 million is already my limit."

Brian Lord said: "Maybe we can find a way in other areas, such as ... Germany and the United Kingdom."

"Oh?" Tom Rothman's eyes suddenly lit up, and he slapped the table excitedly, "Great idea!"

Tang En stared at them blankly, a little astonished, "What are you talking about? Looking for German and British investment? Sorry, my film does not accept any foreign investment!"

Brian Lord smiled and said, "Twain, you are still young, and you still don't know much about some internal channels in Hollywood."

"what?"

Tang En was at a loss.

Tom Rothman shook his head amusedly, "In Hollywood, when a producer thinks of a good idea, the first thing he looks for is not a film company, but a German."

Tang En shook his head in bewilderment.

"Because of the tax rebate policy of the Germans." Brian Lord, unlike Tom Rothman, explained in detail, "Many countries will invest in films in order to develop the film industry and use films to drive the development of surrounding economies. Part of the subsidy, that is, tax rebates."

"But what does that have to do with me? I'm not German."

Brian Lord laughed and said: "This is the ridiculousness of the German policy. According to the German tax law, film investors can get a tax refund in advance, even before the filming starts. Not only for German films, but also for German films. Foreign films invested by Germans are also valid; German law does not require films to be filmed in Germany or to cooperate with German filmmakers, but only requires German production companies to own the film copyright and dividends.”

Tang En was very smart, and keenly grasped the main points, "You mean... as long as "Spider-Man" is produced by a German film company, you can get a tax rebate?"

"That's right!" Brian Lord clapped his palms, "This is a lot of money, and it will be about 10%-15% of the film's cost. "Spider-Man" invested 150 million US dollars, and at least 20 million US dollars in tax rebates can be obtained .”

"Should I go to Germany to register a film company now?" Tang En asked with a look of doubt.

"No need, Hollywood lawyers have cleverly caught the loophole." Tom Rothman showed a bit of pride as an American on his face.

Brian Lord said: "You can cooperate with German companies, sell the film copyright to them first, and then buy the copyright back at a low price after getting a tax rebate, which is equivalent to earning tax rebate income for nothing."

"Is this okay?" Tang En opened his eyes wide, with a look of disbelief on his face, "This is too blatant, it's no different from stealing money! Selling at a high price and buying at a low price, as long as you are not a fool, you can tell at a glance The tricks in it."

Brian Lord held back a smile, "How can it be a money grab? If our film copyrights are still sold in the future, German film companies have the right of first refusal. For this right of first refusal, they pay more money, completely In line with the laws of business."

Tang En understood everything. This is a loophole in the law. And looking at this posture, this loophole has been going on for many years.

"The Germans didn't think about amending the law?"

"Germany is a democratic country. If you want to modify the laws, especially the tax laws, you need strict parliamentary review, and you can't change them in a hurry." Tom Rothman gloated.

Dunn almost fainted.

Democracies... well, that's what democracies bring to the people.

Brian Lord smiled and waved his hands, "But it's coming soon, Hollywood has received a lot of money from Germany in the past few years, and the German government will definitely introduce policies."

"Is it the same in England?"

Tang En was a little surprised. As the birthplace of modern law, Britain would not make such a joke, would it?

Brian Lord shook his head, "Britain is not as easy to take advantage of as Germany, but it is also very easy. British law additionally requires that films for tax rebates must be filmed in the UK, or partially filmed and produced in the UK, or employ a large number of British workers. Filmmaker."

Tang En understood very well, "This is not too bad. Although a certain percentage of tax rebates has been paid, the British government will not suffer from the investment in tourism, hotels, catering, etc. through the investment in movies."

Brian Lord said: "It is impossible to hire a large number of British filmmakers, and it is not appropriate to go to the UK for filming... After all, "Spider-Man" is an American superhero, but you can get in touch with the local film company and go to Part of the post-production is done in the UK, such as dubbing, soundtrack, and first cut.”

"How much tax refund will I get in total?"

Brian Lord held out four fingers, "It won't be less than $40 million!"

"Get rich!"

Tang En was speechless. He never thought that making money would be so easy.

This is simply easier than foresight and making money from the stock market.

It's no wonder that many legendary families started to make a fortune by catching loopholes in the law. This is simply printing money.

Tom Rothman looked at Twain's astonished expression, a little amused, and showed off again, "Twain, in fact, with your current status as a major commercial director, you can start filming "Spider-Man" without investing a penny. The pre-sale of distribution copyrights in France, Britain, Australia, Japan, Germany, Italy and other places is enough to recover 100 million yuan, and then there are tax rebates from Britain and Germany, which is enough to 150 million yuan."

"Pre-sale copyright?"

Tang En shook his head like a rattle, "Then I won't lose money? There will be no mistakes in my movie. I will never agree to this kind of behavior of selling future profits in order to reduce risks."

Tom Rothman laughed. He understood Tang En's character and had no intention of persuading him.

"I just want to know, can the movie "A Beautiful Mind" get a tax refund?"

Tom Rothman smiled bitterly, "Your appetite is really not small. The tax rebate policy is aimed at future income, the future income of literary and artistic films... Just like investment institutions, it is difficult to judge, so "A Beautiful Mind" may be difficult to obtain tax refund."

Brian Lord added: "And if you get a tax refund, I'm afraid it's very small, not enough to pay for lawyers' fees and agency fees."

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like