The Tax Man Yells "Cut!"

The British film industry is already calling it Black Tuesday. On Feb. 10 producer Alison Owen (whose recent credits include Sylvia , starring Gwyneth Paltrow) arrived at Pinewood Studios, north of London, to sign final agreements on her new $45 million movie, Tulip Fever, set to start filming in April with Jude Law, Kiera Knightley and Jim Broadbent. That afternoon she took a call from Paul Lister, an executive at DreamWorks, her U.S. production partner. A large portion of the money behind the movie had fallen away, she was told, because the British government had announced the immediate closure of the tax...