Wednesday, August 14, 2013

Hollywood studios say China resumes payments after tax settlement

Downey Jr. receives a huge birthday card during a promotional event at the Imperial Ancestral Temple of Beijing's Forbidden City LOS ANGELES (Reuters) - China has agreed to resume payments owed to the U.S. film industry after the two sides resolved a tax dispute, the Motion Picture Association of America, a trade group for Hollywood studios, said on Tuesday. The MPAA said the China Film Group Corp, a state-owned distributor, had stopped payments to the Hollywood studios because of problems with a new value-added tax applied across China on August 1. ...








via Movies News Headlines - Yahoo! News http://news.yahoo.com/hollywood-studios-china-resumes-payments-tax-settlement-023156929.html

No comments:

Post a Comment