New Zealand will increase grant Rebrice for foreign film studios as a response to US President Donald Trump for 100% tariff policy for films produced abroad. The Minister of Finance of New Zealand stated that the country is ready to become the best film in the world by sending a clear signal to global productions.
It is planned to increase NZ $ 577 million (about $ 339 million) to the International Cinemape Program, despite the policy of reducing budget expenditures. The scheme returns 20% cash Rebate to the films whose production costs exceed NZ $ 15 million. It is already known that the New Zealand cinerator is about NZ $ 3.5 billion, providing 24,000 jobs.
Earlier, Trump said that "Hollywood is dying very quickly," accusing other countries, extremely attractive stimuli. New Zealand aims to maintain its competitiveness, especially considering that Australia, Canada and the United Kingdom provide more generous stimulus, Reuters reports.
