Tax threat may force $250m film out

IRELAND will lose out on the biggest Hollywood film earmarked for the country unless the Government retains lucrative tax breaks for the industry.

The warning came from international renowned author Eoin Colfer, as a major Hollywood studio gears up to adapt his fantasy novel Artemis Fowl for the big screen.

The $250 million project is set to rival the Harry Potter and Lord of the Rings series.