Research into distribution rights shows generous but controversial tax breaks and deferrals helped bank build up £3.8bn film portfolio Royal Bank of Scotland enjoyed tax breaks and deferrals amounting to an estimated £1bn after financing the film distribution rights to a string of blockbusters including Troy,Batman Begins and two of the Harry Potter series. Tax experts from the bank, which is now majority-owned by UK taxpayers, and spent years building a £3.8bn film distribution financing portfolio to exploit generous tax benefits designed by ministers to aid the UK film industry.
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Source: theguardian.com