Film industry to attend hearing into abolition of tax breaks

Representatives of the Irish film industry are due before the Oireachtas finance committee today to explain their opposition to the abolition of the industry’s lucrative tax incentives.

Officials from the Revenue Commissioners, the Department of Finance and the Department of Arts, Sports and Tourism are also due before the committee to discuss the matter.

The Government is planning to abolish the so-called Section 481 tax incentive, which has attracted much film-related business to Ireland over the past 10 years.

The Irish film industry has claimed that the removal of the tax break would lead to thousands of job losses.