This paper examines the evolution and effects of the tax credits systems introduced in the Italian film industry. We have studied the economic and juridical roots of State subsidies, enabling the readers to understand their legitimacy and providing them with the main international best practices. An empirical analysis is performed, assessing whether recent measures introduced in Italy have influenced the domestic theatrical distribution of a sample of 399 Italian films released in the last 4 years. Tax incentives are found to have a positive relation to the number of prints distributed. However, direct contributions do not have a statistical influence on theatrical distribution, supporting the recent wave of reforms aimed at shifting the mix of resources from direct to indirect public support.
Public tax credits and the film industry: an analysis of the Italian system.
Emanuele Teti;
2019-01-01
Abstract
This paper examines the evolution and effects of the tax credits systems introduced in the Italian film industry. We have studied the economic and juridical roots of State subsidies, enabling the readers to understand their legitimacy and providing them with the main international best practices. An empirical analysis is performed, assessing whether recent measures introduced in Italy have influenced the domestic theatrical distribution of a sample of 399 Italian films released in the last 4 years. Tax incentives are found to have a positive relation to the number of prints distributed. However, direct contributions do not have a statistical influence on theatrical distribution, supporting the recent wave of reforms aimed at shifting the mix of resources from direct to indirect public support.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
