Even if the U.S. moves to counteract growing incentives overseas, the efforts won’t prevent another jurisdiction from offering a bigger break.
Joseph Chianese, executive vice president at consulting company EP Financial Solutions, says the competition to offer attractive incentives is intense. More than 30 countries and 44 U.S. states now offer tax breaks to filmmakers.
The mix “changes daily, but it’s not going away,” Chianese says. “We have now trained a generation of filmmakers and TV makers that production doesn’t have to happen here anymore.”