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New Tax Breaks Hope to Lure Hollywood Productions to Ireland

2 January 2015 6:00 AM, PST | The Wrap | See recent The Wrap news »

Ireland’s new tax breaks under “Section 481″ are aimed at luring Hollywood film and television productions overseas, Arts Minister Heather Humphreys announced on Thursday.

Under the new guidelines, which kicked in on Jan. 1, the definition of an “eligible individual” has been extended to include non-e.U. talent. Essentially, this inclusion is meant for those stars currently living in the Los Angeles area to find their way to the Emerald Isle.

“This will boost the attractiveness of Ireland as a destination for film investment, and brings us into line with the U.K., and other countries in Europe,” Humphreys said, according to The Irish Independent. »

- Tony Maglio

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