Speaking at the Vote For Music Keynote session at The Great Escape in Brighton, Martin Goldschmidt, Managing Director of the Cooking Vinyl Group explained: "The tax breaks that currently exist to help the music industry actually give the tax break to private investors. As exists for other creative industries, why not also have a scheme that gives the break directly to music?" Support would be best targeted as a tax break for recorded music production. Many of the tax breaks offered to film, video games, theatre and now orchestras were designed in part to mitigate the damage done by piracy and market failure. But what creative industry has been hit harder by online piracy than recorded music? Record companies have been hit hard, but recording studios and their workers have been hit hardest.
Posted on: 21/05/2015Categories: News from RotD
