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Kalia
Eager Tradesman
Joined: 07 Jan 2005
Posts: 30
Location: Arizona |
| Uwe Bolle: Making Movies & Making Money...by Bombing? |
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Cinema Blend has posted a very intriguing article about how Uwe Boll, "filmmaker" of game titles, actually <b>makes</b> money by making poorly received (and receipted) movies! Apparently investors in Boll's movies have German law down pat: <blockquote><em>But crucially, the bizarre tax laws in Germany mean that any wealthy Germans who invest in a movie can write-off the production cost, delay paying their taxes and generally reduce their tax burden. When you disseminate all the boring legal business law surrounding it the bottom line is this – the German investors in a movie only pay tax on any RETURNS the movie makes, their investment is 100% deductible, so the minute the movie makes a profit, said investor has to start paying tax. Plus the investors can actually borrow money to put towards investment and write that off too. Assuming you’re a sharp enough businessman you have a potential goldmine in the making; a way to make money from investing in bad movies... </em></blockquote> And here I just thought he made bad movies! But it seems that there is actual reason behind the razzing his movies usually inspire. You can read the whole pathetically laughable article at <a href="http://www.cinemablend.com/feature.php?id=209" target="_blank">Cinema Blend</a>. |
Wed Nov 30, 2005 10:58 pm |
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Gorath
Mostly Harmless
Joined: 03 Sep 2001
Posts: 6327
Location: NRW, Germany |
There´s a typo in the name.
And I´m not sure I would call a 6 weeks old article news, especially if it´s outdated. The "tax hole" has been closed by the new goverment.
_________________
Webmaster GothicDot |
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Wed Nov 30, 2005 11:02 pm |
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Kalia
Eager Tradesman
Joined: 07 Jan 2005
Posts: 30
Location: Arizona |
Added this to the front page article. While it is an old article, it -was- an interesting read regardless. Kudos to the German government for closing the loophole. 
***It seems that the German law allowing for exploitation such as this has since been closed. It will remain to be seen how many more movies Mr. Boll will be making after his release of Dungeon Siege. Thanks to Gorath for pointing out that the law had been ammended to stop this practice.*** |
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Wed Nov 30, 2005 11:32 pm |
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Guest
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I'll bet Uwe Boll was single handedly responsible for the tax laws being changed! The German government saw his movies and said "we must stop him before it's too late!" |
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Thu Dec 01, 2005 4:54 am |
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.Twinfalls
Guest
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Hah! It's Mel Brooks' 'The Producers'
- only 'Springtime for Hitler' wouldn't go down so well there.... |
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Thu Dec 01, 2005 8:13 am |
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