Chapter 103 Tax Refund
In fact, with Tang En's current status, he doesn't need to work too hard at all, he is in a good mood to make a movie, he is in a bad mood and sits and eats empty, surrounded by beautiful women, and lives a chic and happy life.
But the reason why people are human beings is to have goals, pursuits, and ambitions!
Don likes to socialize with all kinds of beautiful women, which is a hobby, not a pursuit.
His pursuit is cinema, and his ambition is Hollywood!
So Tang Enming knew that the next period of time would be very troublesome, and he needed to coordinate all aspects of his connections to get a loan and support him to shoot "Spider-Man", and he did not hesitate to do so.
He even plans to wait for the funds to be returned a little before investing in a movie "A Beautiful Mind".
On the one hand, Donn wants to appease Nicole Kidman, and on the other hand, he wants to win the award!
Commercial films, Donn has achieved unprecedented success, and Star Wars has become the hottest topic of the summer!
Now, Don also needs to be recognized by the literary and artistic circles.
Status not only lies in one's own strength, but also in the recognition of others.
For example, now, Tang En is wearing a straight suit, a light layer of makeup on his face, and he is taking pictures in the studio.
He's going to be on the cover of a magazine.
Not an ordinary magazine, of course, but Time Magazine!
In 1997, when "Titanic" exceeded $500 million at the North American box office, he was invited by Time Magazine, which was his second time on the cover of Time magazine.
The first edition is expected in June.
It took half an hour for Donn to finally finish filming, and Reese Witherspoon hurried over and hurriedly said: "Brian Lord has news that the loan has been raised." ”
"Oh, is it time?"
"Two o'clock in the afternoon, Fox's president's office. ”
"Good. ”
Don nodded, resolute, and suddenly turned his head and smiled, "Reese, isn't the secretary's work too tiring?"
Reese pursed her lips, "It's okay, it's just that the salary is too low." ”
Don's face froze, and he was a little embarrassed.
……
That afternoon, CAA's Brian Lord and Donn showed up at Tom Rothman's office on time.
Don picked up a document that stated the necessary loans that some investment institutions were able to provide, and he was not satisfied.
The amount is low, the interest is high!
"Don, after all, "Wedding Guest" has not yet been released, and the future income is too difficult to control, and the loan of $20 million for this film is already on my face. ”
Since it is a cooperation, Tom Rothman is very sincere.
Tang En said coldly: "My investment in this movie is 18 million US dollars, and I have already spent 20 million US dollars including the relevant taxes and fees of the investment. Okay, at the end of the day, I'm working in vain?"
Brian Lord hurriedly rounded the round, "Donne, we all have confidence in you, but you have to understand that those investment institutions don't understand the market. ”
"yes, Donn, the loan for this movie is less, but Star Wars is so popular right now, you have 15% of the global box office, and you can get at least $100 million in loans!"
Tom Rothman is happy with the box office trend of the movie, the only thing he is not satisfied with is that the merchandise sales are a little less than expected, kids...... Some people don't understand movies very well.
"120 million, not enough at all!" Don frowned, his face ugly.
Tom Rothman smiled: "Don't worry, isn't there also "My Grand Greek Wedding", the sales of the disc are very good, and it is estimated that it will bring you about 35 million income this year." A loan of 30 million is definitely no problem, and won't this solve the investment cost of $150 million?"
Tang En glanced at him, it seemed that this guy was really attentive, scraping together, and finally completed the task of the $150 million loan.
It's just that...... Don's appetite has changed again.
In August, or September, he will also invest in a movie called "A Beautiful Mind"!
When he heard about Donn's plans, Tom Rothman rolled his eyes and almost lost his breath.
Brian Lord also couldn't laugh or cry, this young man is really making trouble for himself all the time, but...... He's really energetic, young, and driven!
"How much did you invest in that movie?"
"It's an art film, and the male lead must have superb acting skills, and as for the female lead...... I'm going to let Nicole play it. ”
Tom Rothman's face was almost distorted, "I'm afraid it will cost at least thirty or fifty million investments." Donn, are you in too much of a hurry?"
Don shook his head, ""Spider-Man" is just a commercial film, but "A Beautiful Mind" is the representative of Donn Pictures, and I want to use him to hit the Oscars." ”
Brian Lord was silent for a long time, "It's not impossible. ”
Tom Rothman said bitterly: "The loan of 150 million is already my limit. ”
Brian Lord said: "Maybe we can think of something else, such as...... Germany and the United Kingdom. ”
"Oh?" Tom Rothman's eyes lit up and he slapped the table excitedly, "Great idea!"
Tang En looked at them in a daze, a little stunned, "What are you talking about? Looking for Germans and British investment? I'm sorry, my film does not accept any foreign investment!"
Brian Lord smiled: "Don, you're still young, and you still don't know much about some of Hollywood's internal channels." ”
"What?"
Don was dazed.
Tom Rothman shook his head amusedly, "In Hollywood, when a producer thinks of a good idea, the first thing he looks for is not a film company, but a German. ”
Don shook his head in confusion.
"Because of the tax refund policy for the Germans. Brian Lord is not like Tom Rothman, 1510 explained, "In order to develop the film industry and use movies to drive the development of the surrounding economy, many countries will provide a part of the subsidy for film investment, that is, tax rebates." ”
"But what does that have to do with me? I'm not German. ”
Brian Lord laughed: "That's the ridiculous thing about the German policy, according to German tax law, film investors can get a tax refund in advance, even before the film starts shooting." This is valid not only for German films, but also for foreign films invested by Germans, and German law does not require films to be filmed in Germany or to cooperate with German filmmakers, but only requires German production companies to own the rights and dividends of the films. ”
Donn was smart and keenly grasped the gist of it, "You mean...... As long as "Spider-Man" is produced by a German film company, can I get a tax rebate?"
"That's right!" Brian Lord clapped his hands, "That's a lot of money, and it will cost about 10%-15% of the movie." "Spider-Man" invested $150 million, and at least $20 million in tax refunds could be obtained. ”
"Do you want me to register a film company in Germany now?" Donn asked.
"There's no need, Hollywood lawyers have cleverly caught the loopholes. Tom Rothman had a bit of American pride on his face.
Brian Lord said: "You can cooperate with German companies to sell them the film rights first, and then buy the rights back at a low price after getting the tax rebate, which is equivalent to earning tax rebate income for nothing." ”
"Is this okay?" Don En's eyes widened, and his expression was incredulous, "This is too blatant, isn't it, it's no different from robbing money! Sell at a high price, buy at a low price, as long as you are not a fool, you can see the trick at a glance." ”
Brian Lord couldn't help but smile, "How can it be a money grabber? If our film rights are to be sold in the future, the German film company has the right of first refusal." For this right of first refusal, they pay a little more, which is completely in line with the laws of business. ”
Tang En understands everything, this is a legal loophole. And looking at this posture, this vulnerability has been going on for many years.
"The Germans didn't think about changing the law?"
"Germany is a democracy, and if you want to change the law, especially the tax law, you need to have a strict parliamentary review, and you can't change it in a hurry. "Tom Rothman gloated a little.
Don nearly fainted.
...... democracies Well, that's the benefits that democracies bring to the people.
Brian Lord smiled and waved his hand, "But it's coming soon, Hollywood has received a lot of money from Germany in recent years, and the German government is definitely going to introduce policies." ”
"It's the same with Britain?"
Donn was a little surprised, as the birthplace of modern law, Britain would not make such a joke, right?
Brian Lord shook his head, "Britain isn't as easy to exploit as Germany, but it's easy. UK law additionally requires that the tax refund film must be filmed in the UK, or partially filmed and produced in the UK, or employ a large number of UK filmmakers. ”
Don understands very well, "This is about the same, although a certain percentage of tax rebates have been paid, but through the investment in films, the investment in tourism, hotels, catering and other aspects will not be at a loss to the British government." ”
Brian Lord said: "It's unlikely that you can hire a lot of British filmmakers to shoot in the UK...... After all, "Spider-Man" is an American superhero, but you can get in touch with the local film company and go to the UK for some post-production, such as dubbing, soundtrack, first cut, etc. ”
"How much tax refund will I get in total?"
Brian Lord held out four fingers, "It won't be less than $40 million!"
"Rich!"
Don muttered, he never thought it would be so easy to make money.
It's easier than having a prescience to make money out of the stock market.
It's no wonder that many legendary families started by taking advantage of legal loopholes to make a fortune, which is simply printing money.
Tom Rothman looked at Don with a stunned look, a little funny, and showed off again, "Don, in fact, with your current status as a big commercial director, you don't need to invest a penny to start filming "Spider-Man". The pre-sale of the distribution rights in France, Britain, Australia, Japan, Germany, Italy and other places is enough to recover 100 million funds, and then there are tax rebates in Britain and Germany, which is enough for 150 million. ”
"Pre-sale rights?"
Donn shook his head into a rattle, "Then I won't lose my life? I would never agree to this kind of behavior of giving up future profits in order to reduce risk. ”
Tom Rothman laughed, he knew Donn's personality and didn't intend to convince him.
"I just want to know, can the movie "A Beautiful Mind" be refunded?"
Tom Rothman smiled bitterly, "You have a lot of appetite. The tax rebate policy is aimed at future income, the future income of literary films...... Just like an investment institution, it is difficult to judge, so I am afraid that "A Beautiful Mind" will be difficult to get a tax refund. ”
Brian Lord added: "And even if you get a tax refund, it's probably very small, not enough to pay for attorney fees and agency fees." ”