The German mediafund lobby group Bundesverband PrivatkapitalFilm & Medien (BPFM) has entered the debate onthe future of film financing in
In a ten-pointplan, BPFM managing director and media lawyer Robert Strassercalled for "a practical regulation which enables German productions tohave access to private capital, motivates the investors' readiness to takerisks and, at the same time, ensures for sustainable location and industryeffects."
Since the CDU/
"Along withthe necessary strengthening of the German media industry's competitive power, atax-oriented 'Spend in Germany' model means that the funds invested in Germanfilm projects remain in Germany despite the initial tax exemption for theinvestor," Strasser explained, adding that suchan incentive model would generate more employment and additional trade, income,and corporation tax revenues for the taxman.
"German taxlaw should in future expressly specify and regulate the possibility of a 100%write-off in the year of production for investments in German flims and films produced in
He suggestedthat "a practical investor model for Gemancinema" would also requires a "harmonisation" with the publicfilm funds as part of a public-private partnership, in particular concerningthe revenue corridors as a motivation for the private investors, and stressedthat "the strict principle must apply that only verifiable expensesconcluded in Germany can be written off."
According to Strasser, a future tax model "could initially berestricted to two or three years in order to make a continuation dependent onwhether the desired effects have been achieved".
The BPFM waslaunched earlier this year as a successor to the previous lobby group Verband Deutscher Medienfonds with