Taxation of athletes, entertainers and film.

Abstract

The Entertainment industry has witnessed the growth of various individuals that were not only distinguished from others due to their talent but also for their bank accounts. Their special status is not only seen in relation to everyday life but also when it comes to taxation. The treatment of these individuals and their relationship with systems of tax are looked into to understand the why and how, with a realisation that many times they find themselves in situations of unfair treatment, excessive taxation, prevention of movement and trade that goes beyond the norm. The above is fruit of the ever mobile nature, the diverse income possibilities and the numerous schemes adopted in the game to avoid tax obligations leading to arguably drastic measures. This thesis discusses the element of taxation of athletes, entertainers and other individuals on a tripartite perspective: • International • European • Local Adjacent to such a study is an insight on the film industry that evolves hand in hand with the evolving nature of fiscal and financial incentives in the attempt of putting Malta on the map for foreign film productions as well as future plans of a home grown production industry. Recommendations are brought forward to provide for an adequate balance between taxing needs and the repercussions on the individual. The same may be said for the film industry where further tax developments may increase the possibility of building a strong industry on a Maltese perspective in the wake of ever growing competition.