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"IATSE is working closely with our allies in the entertainment industry labor movement, as well as Cast & Crew and other payroll companies, to closely monitor the EDD review of loan-out ...
Loan-out corporations are able to defer their taxable income to the following taxable year. This is a result of the corporation being able to select its taxable year of income, from any fiscal year. [10] However, the loan-out corporation must select a fiscal year that ends between September and December.
Gov. Gavin Newsom signed a union-backed bill on Monday that protects loan-out companies, which had been threatened by a state audit earlier this year. Actors, writers and crew members are ...
The Cast & Crew notice sparked much industry chatter — via text message chains and WhatsApp messages — on Friday evening and Saturday about the fate of loan out corporations.
Proponents of production incentives for the film industry argue that it increases job creation, small business and infrastructure development, tourism, and tax revenue generated. [28] [29] Tax incentives in Georgia were also credited with increasing the membership of entertainment-related labor unions in that state. [30]
Weintraub Entertainment Group was formed on July 1, 1986 by Jerry Weintraub. [3] In February 1987, WEG received $461 million in financing from Columbia Pictures, Cineplex Odeon and others in the form of securities, bank loans and advances. [1] The Coca-Cola Company and US Tobacco Company were principal investors. [3]
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