Oireachtas Joint and Select Committees

Wednesday, 5 October 2022

Committee on Budgetary Oversight

Film Sector Tax Credits: Discussion

Mr. Gerry O'Brien:

First of all, the producers are looking for some more leeway within the grant. That is important. We would have to look at how we protect - I will go back to the copyright legislation - because that is the value or the gold. That has to bring revenue streams that are going on locally back into this jurisdiction because it has its own wall that has been built around it and revenue streams are diverted everywhere except to here.

In doing what we suggest, it means that the investment is not attached to any local company. It is attached to the film itself and to those revenue streams. One has to make sure that even where producers would have such revenue streams, any copyright they have which is raised through the investment of section 481 must come back to this jurisdiction and has to be registered here. Those would increase the value to the State and to the cultural sector.

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