Queensland’s Film and TV industry could cop a huge loss if Federal Treasurer Scott Morrison doesn’t give tax exemptions to one of America’s largest studios.
The Federal Government has until today to decide whether they’ll increase the standard 16.5 per cent tax incentive to bring the production of the Dora the Explorer to Australia.
If it fails to do so, it would mean that there have been three large-scale productions which have fallen through in recent times.
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Queensland has already lost a spin-off of the Fast and Furious, worth about $160 million, as well as Tomb Raider which would have been worth $140 million.
Premier Annastacia Palaszczuk has pushed for an increased tax offset, similar to what was offered to the producers of Aquaman, in an attempt to grow the State’s film industry.
However, she doesn’t have the support of Queensland’s LNP Leader, Deb Frecklington, who said the current tax breaks should be a strong enough incentive.
“This is a vanity project by Annastacia Palaszczuk, we need to secure long-term jobs for Queensland, not a short-term sugar-hit just for the premier,” she said