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Record labels used to receive tax breaks for art/experimental albums...?

Why doesn't this exist anymore? What sector of the government handles this?

From a Brian Eno article--

'Another relic from the days when it was still possible for mainstream labels (Island Records in this case) to release arty/experimental projects with little hope of commercial success. It’s funny to think that much of the groundbreaking music of days gone by was the product of legislation that enabled tax write-offs for such ventures...'

4 Answers

  • 2 months ago

    In the US, those aren't tax breaks.  They're expenses, which are not taxable.

    Government assistance is still available for recording in Canada, but the material has to be culturally significant.  And nobody actually knows what the f**k that means.  Plus there aren't any major record labels in Canada anymore.  They all sold their rights to US labels, who are most owned by Sony now.

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  • 2 months ago

    Haha, if it isn't part of the brainwashing curriculum, the government doesn't give any money to the arts anymore. They don't want to break ground, they want to kill open mindedness. Haven't you watched the news in the last decade or more?

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  • Juan
    Lv 4
    2 months ago

    For this travel in Europe Berlin was much more successfull than USA and Argentina if you see what is left of an album nothing but rotten eggs and battery for a pedal for an electric guitar meaning a pedal for a guitar absolute tour de force when the record deals were over in Argentina they gathered together to do Rene Lagarto and started to grow a mafia to create bars in Argentina through MTV through people gathering together in a state of brainwash in a communiity in state of asylum

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  • 2 months ago

    Ask your elected officials. 

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