Gaul to up film tax rebates

Country aims to lure more productions


Gaul is set to amend its tax incentives to attract more film and TV productions and boost its ailing economy.

Prime minister Jean-Marc Ayrault unveiled a report on Friday highlighting various ways to create jobs, generate wealth and bolster the country’s international standing.

Passed in 2004, the 20% rebate for national production is set at €1 million ($1.27 million), while the 20% international tax rebate (called TRIP), passed in late 2008, is set at $5 million and requires producers to spend a minimum of $1.27 million in France to be eligible.

Besides raising the caps on both programs, the reform will also lower the amount of expenses that have to be spent in France (below $1.27 million) to attract small- and medium-budget films, according to Franck Priot, co-managing topper at Film France.

Bizzers — including Film France, technicians’ guild Ficam, and the national film board CNC — have been lobbing for higher rebates for over two years, pointing to the growing number of runaway shoots and Gaul’s inability to compete with Germany, the U.K., Belgium and Canada, which offer more generous incentives.

Popular on Variety

Ayrault’s report is a significant leap forward, per Priot. “It shows that the French government is at last truly committed to amending these tax incentives.”

The new caps, which have yet to be decided, must pass Gaul’s Parliament and Senate.

TRIP had a powerful effect in the two years after its late 2008 bow, attracting a record number of foreign productions, including Chris Meledandri’s toon “Despicable Me,” Woody Allen’s “Midnight in Paris” and Martin Scorsese’s “Hugo.”

But in 2011 and this year, the number of big-budget U.S. productions — particularly live-action films — heading to France has declined.

According to Film France, foreign prods will nevertheless bring in an estimated $127 million in 2012, thanks to pics including Jackie Chan’s “Chinese Zodiac,” and TV skeins “Merlin” and “The Tunnel” the French-U.K. remake of “The Bridge.” Kevin Costner starrer “Three Days to Kill” is the lasted project that received TRIP financing.

More Film

  • Outstanding Performance by a Cast in

    SAG Awards 2020: 'Parasite' Makes History; 'The Crown,' 'Mrs. Maisel' Earn Top TV Honors

    Neon’s “Parasite” won best motion picture cast at the 26th Screen Actors Guild Awards on Sunday, becoming the first foreign language film to pick up the top prize. Netflix’s “The Crown” was named best TV drama and Amazon’s “The Marvelous Mrs. Maisel” earned the prize for best TV comedy in a strong showing for streaming [...]

  • Cho Yeo-jeong, Choi Woo-shik, Lee Jeong-eun,

    SAG Awards 2020: The Biggest Snubs and Surprises

    The Screen Actors Guild Awards are always the first peer group ceremony of the new year, giving those who make films and television series the chance to celebrate each other. Going into the 26th annual ceremony, which took place Jan. 19, the nominees were a mix of industry veterans and beloved favorite and some newer-comers, [...]

  • HAF logo

    Hong Kong Project Market HAF Lines up Cream of Asia for 2020 Edition

    Lin Cheng-sheng (“Betlnut Beauty”), Giddens Ko (“You Are The Apple of My Eye”), Pang Ho-cheung (“Love in a Puff”) and Yeo Siew-hua (“A Land Imagined”) are among the big name Asian directors lining up to participate in the 18th edition of the Hong Kong Asia Film Financing Forum. The powerhouse project market will run for [...]

  • Jennifer Aniston

    SAG Awards: The Complete Winners List

    Korean thriller “Parasite” made history at the 26th Annual Screen Actors Guild Awards on Sunday, becoming the first foreign-language film to win best motion picture cast. In another streaming stride, Netflix’s “The Crown” nabbed best TV drama and Amazon’s “The Marvelous Mrs. Maisel” took home best TV comedy. In a repeat of the Golden Globes, [...]

  • SAG Awards Placeholder

    How to Watch 2020 SAG Awards Online

    The 26th annual Screen Actors Guild Awards, honoring the top performers in film and television, is just a few hours away. Although the show is hostless, Joey King and Logan Browning are co-ambassadors of the ceremony, taking place on Sunday at the Shrine Auditorium in Los Angeles. The ceremony will be broadcast live on TNT [...]

More From Our Brands

Access exclusive content