Cooking Vinyl's Martin Goldschmidt Calls For Direct Tax Breaks For Music
Talking during the Vote For Music Keynote at The Great Escape, Martin Goldschmidt called for the UK government to give tax breaks directly to music businesses
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.
"This is about putting value back into the whole recording ecosystem of studios, session players and importantly, self-funding artists. Given music's leading export value, the move would make clear economic sense. More importantly it makes cultural sense – as an industry, we've grown very risk-averse in terms of what gets signed, what gets played on the radio. Let's get help to fund more of culturally diverse, crazy, exciting stuff that so often gains wild popularity."
For any change to be made though, Goldschmidt believes it is vital that the music industry delivers a clear message "The reason the tax break currently goes to the financial services industry and not the music industry is that we fight among ourselves and are very bad at talking to government. We have to have the discussions behind closed doors, agree the common ground and send a unified message to government."
Related News from Mi2N:
» Cooking Vinyl’s Martin Goldschmidt Calls For Direct Tax Breaks For Music
» Stones Fans Rejoice - 2015 Tour Dates Announced
» ASCAP CEO Elizabeth Matthews Testifies For Senate Judiciary Subcommittee
» Ebook And Music Downloads Stagnate While Mobile Games And Videos See Strong Growth
» Red Bull Music Academy Accepting Applications for Paris Academy
» Music Therapy May Provide Hope To Alzheimer and Parkinson Sufferers
Insider Scoop Directory
» [2015-06-30] 365 Days From Dusk Till Dawn: DDC 1 Year Anniversary Program; MusicDish*China Is Proud To Be An Official Sponsor Of DDC (Dusk Till Dawn) First Year Anniversary Celebration
» [2015-06-29] The Challenges Of Learning How To Play Drums; Before You Start Building Your Neil Peart-sized Kit, There Are A Few Things To Learn
» [2015-06-28] Blue Note Entertainment Group Further Expands East With New Venue In Beijing; Blue Note Beijing Open In 2016; Two Additional Blue Note's In Shanghai & Taipei To Open Within Three Years
» [2015-06-21] From North Korea To NYC - Shanghai DJ B.O Spins Libation & Leftfield; The First DJ Ever In North Korea Comes To NY's Lower East Side For An Eclectic Night Of Performances
» [2015-06-02] Bay Area Chinese Music Association Presents Second Hand Rose West Coast Show; Second Hand Rose Will Be Performing At Palo Alto's Albert & Janet Schultz Cultural Arts Hall On July 10th
» [2015-06-01] Cooking Vinyl's Martin Goldschmidt Calls For Direct Tax Breaks For Music; Talking During The Vote For Music Keynote At The Great Escape, Martin Goldschmidt Called For The UK Government To Give Tax Breaks Directly To Music Businesses
» [2015-05-31] Strong Opportunities For International Tech Manufacturers Among Chinese Consumers; 63% Of Chinese Consumers Prefer International Brands For Purchase Of Smartphones, Televisions Or Wearable Devices
» [2015-05-31] New Island Entertainment Presents Second Hand Rose @ New York's Santos Party House; China's Boldest Rock Band Will Return To The Big Apple With A Show At Chinatown's Santos Party House
» [2015-05-22] MusicDish*China Tours, Signing, NYCxDesign And Planetrox; It's Been A Busy 2015 With New Tours, Our Launch Into The Art/design World And Signing Of One Of The Pioneers Of Chinese Rock
» [2015-05-19] Award-Nominated DJ Soulier Performs At Beijing's Award-Winning DDC; Western Canadian Music Awards Nominee Returns To China For 7 Dates In Beijing, Changsha, Wuhan, Guangzhou And Tianjin
» [2015-05-18] Second Hand Rose "Crossing Boundaries" World Tour; China's Boldest Rock Band Will Embark On Their "Crossing Boundaries" World Tour That Will Include One Of Europe's Biggest Festivals, Paleo Festival Nyon 2015
» [2015-05-13] CMW Live Touring Summit: Interview With Elliott Lefko; Interview With Elliott Lefko VP Of Talent, Goldenvoice / AEG Live / Coachella
follow MusicDish on