Following an intensive lobbying push orchestrated by French and American players — including Netflix co-ceo Ted Sarandos and Paramount Skydance CEO and chairman David Ellison — the government and parliament have approved the inclusion of below-the-line costs in the tax rebate for international movies and TV series. Under the reform, expenses such as the salaries of non-European actors and hotel stays will qualify for the 30% rebate (that goes up to 40% for movies with more than €2 million ($2.3 million) spent on French VFX work). The tax credit is capped at €30 million ($35 million) per project.
Pending final clearance from the European Commission, the measure is expected to come into force within weeks.
The fourth season of “The White Lotus,” which begins…
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