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Ireland revamps production tax breaks

A vociferous chorus of approval has greeted the Irishfinance minister's radical overhaul of the Section 481 tax break for filmproduction. The maximum threshold for Irish spend has been raised from 55%-66%to 80% of budget, for all productions irrespective of size. And the cap on thetotal amount that may be raised for any one production has been lifted from $18m(Euros15m) to $42m (Euros35m).

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