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Maretus
@maretus
At this point, I just don’t even know what to say. The guy makes idiots look good.
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Dre9889
@dre9889
How does one tax a movie…like raise ticket prices at movies, charge to be shown in the US? And what about movies that just go straight to streaming? I mean isn’t that kinda like trying to tax the internet at some point?
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Thomas
@aviationdoctor.eth
Not a tax expert, but working with a few. Movies are like any other product. They are sold by overseas production companies to U.S. distributors who import them, incl. Netflix. That transaction can get tariffed just like any other. Things get slightly murkier for U.S. production companies that make or buy part of the filming abroad. In this case I think the same materiality test applies at the border as every other product — is most of the value being added domestically or overseas, and the overseas component gets tariffed accordingly. Not saying it’s a smart decision, just that it’s in principle enforceable
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Bluclaat.eth
@bluclaat
Not quite sure that’s possible, let’s say it’s a warner bros production made in its UK studio. They use Indian CGI, and could film in location at the Colosseum in Italy hypothetically. That’s a simple version of that chain from what I understand.
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Thomas
@aviationdoctor.eth
Yeah it’s not going to be straightforward. Eventually the customs rules will need to be interpreted to decide what tariff may apply when the country of origin is the US (in the tax sense that the IP owner is US-based) but substantial transformation is done abroad. As usual, the uncertainty is as hurtful for businesses as the actual tariff itself, because who in their right mind is going to make capital investments into new productions until the rules have been both clarified and tested
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