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A blistering analysis of California's Hollywood tax giveaway
A blistering analysis of California's Hollywood tax giveaway

One thing Hollywood has been very good at over the last few years is extracting tax incentives from states to move production around the country. But another thing has always been clear about these incentives: They don't pay for themselves. In state after state, objective, independent studies have shown that they invariably run in the red, returning pennies and dimes to state treasuries for every buck handed out to producers.  Now California's independent Legislative Analyst's Office has added to the data bank. In a study released Wednesday, it calculates that for every dollar California spends on the $100-million annual film subsidy it created in 2009, the state...

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