Non-Believer Posted May 16, 2018 Share Posted May 16, 2018 1 minute ago, gettafa said: It seems that a significant portion of the Isle of Man Film Industry was a vehicle to 'get rid' of money. Well, if the article headline and figures are accurate, it's been very successful... Link to comment Share on other sites More sharing options...
x-in-man Posted May 16, 2018 Share Posted May 16, 2018 We nearly got the King's Speech. Link to comment Share on other sites More sharing options...
bankerboy Posted May 16, 2018 Share Posted May 16, 2018 3 minutes ago, x-in-man said: We nearly got the King's Speech. Well, we did get ‘a bunch of amateurs’ (**j - There must be a joke somewhere there!! It was a Tynwald question, last week - see pages 29/30 of this http://www.tynwald.org.im/business/hansard/20002020/k180508.pdf ** we lost £2.2m on that film Link to comment Share on other sites More sharing options...
woolley Posted May 16, 2018 Share Posted May 16, 2018 28 minutes ago, Non-Believer said: Well, if the article headline and figures are accurate, it's been very successful... Of course it was very successful but obviously you are never going to get chapter and verse on it. We have the film industry to thank for a big chunk of our current reserves. Link to comment Share on other sites More sharing options...
quilp Posted May 16, 2018 Share Posted May 16, 2018 And the then treasury minister Anne Craine basically saying it was all a gamble anyway... Link to comment Share on other sites More sharing options...
asitis Posted May 17, 2018 Share Posted May 17, 2018 http://www.iomtoday.co.im/article.cfm?id=40527&headline=Film investments have lost the island £26.8m§ionIs=news&searchyear=2018 Maybe the sceptics had a point ! Link to comment Share on other sites More sharing options...
Neil Down Posted May 17, 2018 Share Posted May 17, 2018 14 hours ago, x-in-man said: We nearly got the King's Speech. We got the Spooks film... Link to comment Share on other sites More sharing options...
x-in-man Posted May 17, 2018 Share Posted May 17, 2018 Good, but lost us cash. Limited fan base, too late after the series was axed. They could do a 'Hustle' film, but 'Albert' has now passed on, and that blonde bint never learnt to walk in heels. We are still missing out on our Bergerac, modern money trails and international banking fraud. If Shetland can do it with murders, run down buildings, flocks of sheep and 50 cruise ships a year, why can't we? We have all that, minus the cruise ships that is. well, I say 50, but it is in the 90s this year, 94 iirc. Just checked the schedule for the IOM, this year, about a dozen. That's it. Link to comment Share on other sites More sharing options...
gettafa Posted May 17, 2018 Share Posted May 17, 2018 Like the VAT thing, the Isle of Man Film Industry got 'found out'. Link to comment Share on other sites More sharing options...
asitis Posted May 17, 2018 Share Posted May 17, 2018 3 hours ago, gettafa said: Like the VAT thing, the Isle of Man Film Industry got 'found out'. Perhaps one was the 'Prequel' to the other !!!!!!!!! Link to comment Share on other sites More sharing options...
thesultanofsheight Posted May 17, 2018 Share Posted May 17, 2018 21 hours ago, woolley said: Of course it was very successful but obviously you are never going to get chapter and verse on it. We have the film industry to thank for a big chunk of our current reserves. Very successful for manipulating GDP to leverage the VAT agreement. Not as successful as actual investments that will produce a return looking at the mass of loses. Since the last VAT agreement re-write and that odd deal with Pinewood to try to justify that it wasn’t all a fiddle (and justify the Pinewood share investment) we might has well have just filled big drums with £50 notes and set fire to them. Link to comment Share on other sites More sharing options...
woolley Posted May 17, 2018 Share Posted May 17, 2018 Yes but you have to look at the whole picture don't you? (No pun intended). We put a lot more into other pots than we spent from the film expenditure pot. As I said, we have the film industry to thank for a big chunk of our current reserves. It could be argued that this is not a positive thing because it encouraged the building up of liabilities for the future on the basis it would go on and on. That was the big folly. Link to comment Share on other sites More sharing options...
Mr Shoe Posted May 17, 2018 Share Posted May 17, 2018 20 minutes ago, woolley said: Yes but you have to look at the whole picture don't you? (No pun intended). We put a lot more into other pots than we spent from the film expenditure pot. As I said, we have the film industry to thank for a big chunk of our current reserves. It could be argued that this is not a positive thing because it encouraged the building up of liabilities for the future on the basis it would go on and on. That was the big folly. Sorry - when you first posted this I thought you were being sarcastic. Can you explain? Link to comment Share on other sites More sharing options...
woolley Posted May 17, 2018 Share Posted May 17, 2018 It was a big driver of GDP/GNP when that was a major part of the VAT formula in the Common Purse, so it was one sector that was very good for our VAT share for many years legitimately under the terms of the agreement then operating. Now that the formula has moved to the Tax Based Measurement Method, it would do us no good at all, although that method still appears to be quite generous. Too generous for the likes of Mr Murphy etc. Link to comment Share on other sites More sharing options...
quilp Posted May 17, 2018 Share Posted May 17, 2018 Anyone know how much we're due to receive, or have received from the Common Purpose Agreement this year? Was it £300+ mill..? Link to comment Share on other sites More sharing options...
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