Hollywood waiting for millions from China

  • A film organization in China stopped paying royalties for blockbuster films such as "Man of Steel" and "Skyfall" because of issues regarding tax. 

    Chinese authorities are demanding taxes to be paid by Hollywood studios, but the demands are being rejected since it supposedly violates a World Trade Organization agreement governing the film trade between two countries. 

    The Motion Picture Association of America is attempting to resolve the issue with the Chinese authorities but in the meantime, this has not stopped US studios from sending their films to the world's most dynamic movie market, which today is China. 

    Tagged as: Taxes, Business,Hollywood, China, film organization, Hollywood studios