2. 考研
  3. The Inland Revenue on Thursday accused the British film industry of abusing government aid, with every production of recent year

The Inland Revenue on Thursday accused the British film industry of abusing government aid, with every production of recent year

admin2014-06-13  40
问题     The Inland Revenue on Thursday accused the British film industry of abusing government aid, with every production of recent years deliberately over-claiming tax relief.
    Revenue officials called in about 20 members of the film industry and warned them of severe consequences if the "exploitation" of tax-relief schemes did not immediately stop.
    The move, which affects the including low- to high-budget film-makers and financiers, is the latest in a series of attempts by the Revenue to clamp down on tax loopholes in an attempt to raise more money for the Exchequer.
    But the film industry responded on Thursday night, saying the Revenue could drive productions overseas and would confuse investors.
    A series of tax relief schemes, introduced in 1997, enables those involved in the financing of qualifying British-made films to claim the costs of production against future income. The schemes have become popular with investors seeking a tax shelter, with an estimated ￡400m invested in the schemes in 1997 rising to about ￡2bn last year.
    But the Revenue said the industry was exploiting rules on tax relief by "double-dipping", that is, by claiming relief more than once against a single piece of expenditure. While not illegal, the Revenue said, the industry was "not playing fair". It said double-dipping was "against the spirit" of legislation designed to encourage investment in the British film industry.
    The Revenue said the practice of double-dipping was "virtually universal", with "every qualifying film it had seen financed on the basis of double-dipping". It warned it would "take all steps to counter such abuse including, where necessary, advising ministers on introducing legislation to put matters beyond doubt".
    "Both the Revenue and the government are becoming increasingly exasperated at the extent to which some parts of the industry are exploiting the film reliefs," the Revenue said. "The government remains committed to encouraging film production in the UK through use of the reliefs in the way in which the legislation allows—but this does not extend to deliberate exploitation of those reliefs."
    Large film financiers said on Thursday night that the Revenue’s action could undermine growth prospects for the British film industry.
    Peter James, managing director of Movision Entertainment, which has produced 16 British-made films in recent years, including the soon-to-be released "Merchant of Venice", said while the effect of the Revenue’s clamp down would not be "devastating", it could drive many independent film-makers overseas.
    Industry observers said on Thursday the Revenue’s move was likely to confuse investors, who have been accustomed to the benefits of double-dipping.
选项 A、film-makers turn to the government for financial help
B、several actions have been taken to stop tax evasion
C、officials have phoned up many film-makers to protest
D、more tax relief is needed to keep the industry going
答案B
解析 这是一道简单推论题，第三段说最近这次行动是一系列行动中最近一次，由此可见答案。
转载请注明原文地址:https://jikaoti.com/ti/eXMRFFFM
0

考研英语一

相关试题推荐
随机试题
最新回复(0)