Topics You Should Be Discussing with Your Head of Tax – Media & Entertainment Industry

What’s happening in the media & entertainment industry today that may have significant implications for your organization’s decision-making? In this podcast, Tony Castellanos, Tax Industry Leader for KPMG LLP (KPMG), and Benson Berro, KPMG Media & Entertainment Tax Industry Leader, examine the following trends and the intertwined tax considerations that CFOs at media and entertainment companies may want to discuss with their head of tax:

• Industry volatility surrounding the growth and economics of streaming
• Fluctuations in merger and acquisition activity during and following the COVID years
• Implications of U.S. and global tax development such as BEPS Pillar Two, corporate alternative minimum tax, and digital services taxes
• Pressure to produce content in reliable, lower cost jurisdictions and the continued importance of tax incentives for attracting production.

Tony and Benson also highlight the value of the KPMG Film Financing and Television Programming Tax Guide, which can help industry executives assess the many issues surrounding cross-border business conditions, financing structures, and the  development costs and rules around foreign investment. Recognizing the role that tax credits, subsidies, and other government incentives play in production financing, the guide includes a robust discussion of relevant tax incentive programs in more than 35 countries.