The Taxpayers’ Union is slamming the Government’s decision to hand out $577 million to the film industry, calling it another dose of corporate welfare at a time when public services are under pressure and the nation’s books are deep in the red.
Taxpayers’ Union Spokesman, James Ross, said:
"Nicola Willis says she’s cleaning up the books, but there’s always cash for corporate welfare if you’ve got a Hollywood script."
“While the Government is borrowing $47 million every single day, these handouts are going straight on the credit card.”
“Willis wants us in a global bidding war for an industry that’s already soaked up over a billion dollars in subsidies in just five years. With less than a one percent return on ‘investment’ according to Treasury figures, it's hard to think of a worse use of taxpayers’ money.”
“This is the second time in a week Willis has pitched ‘Going for Growth’ as taxing more, spending more, and trying to pick winners. Budget 2025 needs real reform - that means Full Capital Expensing, not more tax-and-spend corporate welfare.”
Hollywood Latest Stop on the Subsidy Gravy Train
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