QuickTake: Movies at no cost . . .

. . . to the producers, that is. To the list of distortions caused by tax laws, add the artificial incentive to make big-budget blockbusters instead of low-budget sleepers. The former can easily be financed at no cost to the producers by exploiting the tax codes in Germany, Britain, and elsewhere. Nothing you'd like to see at the movies? Blame the tax man!

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