Britain rolling out the red carpet for film-makers to make blockbuster films

This is good news for investors who would like to invest in blockbuster movies like ‘Gravity’ and ‘Avengers: Age of Ultron’.
Britain is offering incentives to film-makers to make more blockbuster films in the UK because its plans to increase tax breaks have been approved by the European Union.
The measure had first been announced in Chancellor George Osborne's 2015 Spring Budget. It gives film and TV productions 25% off their tax costs if they then invest the funds back into their projects. In other words - on a film costing £40m, there would £1m in tax relief.
This has been reported in news.sky.com dated 21 August 2015.

Tax breaks for British productions had been introduced several years ago but, under the new policy, it will raise the percentage films can claim back under tax relief. Previously the 25% rate only applied to the first £20m of a production's budget – that is now being extended to cover all tax paid on a project regardless of budget and size. To qualify for the tax breaks a film must be considered a British production or co-production. This means it has to pass a cultural test run by the Department for Culture, Media and Sport (DCMS) and spend a minimum of 10% of its budget in the UK.
The move would give a boost to an industry that has already brought in billions of pounds of investment and hundreds of jobs to Britain.
(Image curtesy wikimediacommons.org)

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Rapper Snoop Dogg in trouble at Lamezia Terme airport in Italy

Snoop Dogg, the 43-year-old American rapper, ran into trouble with the Italian police when they prevented him from boarding a plane with over $420,000 in undeclared cash. He was stopped at Lamezia Terme airport and the police have seized half the money and opened an investigation.
This has been reported in zeenews.india.com dated 2 August 2015.

As per information, the "Drop it like it`s hot" singer had performed two shows in the south of Italy and was going back to the UK, where he is scheduled to take to stage at the Kendal Calling Festival.
However, in the course of a security check before he boarded his private jet, police saw two bags full of cash – it totaled to $422,000 (384,000 euros).
Under the terms of the European Union, travelers are required to declare any amount over 10,000 euros in cash – this is to counter the threats of money laundering.
Snoop Dogg cooperated with the authorities and four lawyers have been assigned to the case. He will be able to reclaim the rest of his money after paying the necessary fine.
It may be noted that barely a week earlier he had been briefly arrested by police in Sweden on suspicion of using illegal drugs. (Image courtesy wikimediacommons.org)

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