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Italy’s Right-Wing Government Dithers and Delays Production Tax Incentives, Prompting Industry Uproar
Italy's right-wing government is dithering and delaying decisions over the country's tax incentives for production, prompting an industry uproar.
At a packed protest event held earlier this month in Rome’s Cinema Adriano multiplex, industry figures from all sectors – including producers, writers, actors and big-name directors such as Paolo Sorrentino and Marco Bellocchio – lashed out against having to wait endlessly for the government to approve new guidelines so production companies can apply for the 40% tax credits that basically drive the business. “We are waiting for the new regulatory framework, and more importantly we need to know how much money the government will grant,” said producer and distributor Andrea Occhipinti, chief of prominent Italian indie Lucky Red, during the Rome event. According to several sources, it now appears likely that Barbera — who has turned Venice into a potent springboard for awards winners such as, most recently, “Poor Things” — will be staying at the festival’s helm even after the upcoming edition is over.
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