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...

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