Potential 15% tax refund for foreign shoots
by Annika Pham
A majority of Norwegian MPs have asked the local government to consider offering foreign productions a 15% refund on expenditure spent in Norway in the government’s 2006 budget.
According to the Norwegian politicians supported by the local film industry, introducing tax incentives for foreign films shooting in Norway could have a major impact on the Norwegian economy, notably in terms of touristic activities, just like in New Zealand where the Lord of The Rings trilogy more than doubled the number of tourists who came to visit the sets and locations where the film was shot.
During the parliamentary debate over culture and industry held earlier this month, MPs from the leading Socialist Left Party (SV), the Central Party (Sp) and the Labour Party (Ap) said the government should look at what other European countries do in terms of financial and tax incentives to support the local film industry.
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