11.9.11

Uwe Boll and the German Tax Code: Why people keep giving him money to make movies

Ach du lieber! You've lost nearly 95 million, right? No, we're not done yet. Follow me closely here: Under the German tax code, you can take the full 90-million deduction, then have your Munich shell company charge me (the American producer) 80 million to lease back the rights to my movie. Because you just took a 90-million loss, you don't have to pay taxes on the 80 million you recouped.
http://www.escapistmagazine.com/articles/view/issues/issue_81/460-Uwe-Boll-and-the-German-Tax-Code

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