Making a Fake Movie to Understand Hollywood’s Shady Accounting

For years there has been a deliberate practice among Hollywood studios to use tricky accounting and tax loopholes to make it seem like many movies they make end up as losses. Exempting them from paying taxes on production costs, and getting them out of profit sharing deals with actors and directors. But how do these tax loopholes and accounting tricks work? And should we try to close them?

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