TITLE

Tax break for media congloms dies in D.C

AUTHOR(S)
Crabtree, Susan
PUB. DATE
March 2004
SOURCE
Daily Variety;3/22/2004, Vol. 282 Issue 61, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a tax benefit for Disney Enterprises Inc., Time Warner Inc. and several other studios became as a casualty of growing budgetary concerns in the U.S. A group of domestic studios lobbied hard to include a provision in the American Job Creation Act of 2003 that would allow studios to write off larger amounts of the cost of films that lose money overseas. The film benefit immediately became a target when budget-conscious Republicans on the tax-writing panel discovered it and companies such as Caterpillar and Boeing began carping that they wanted to receive similar benefits.
ACCESSION #
12680305

 

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