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British financing of “Da Vinci Code” questioned

May 17, 2006 12:58 pm By Rebecca Bynum

“Will Christians pay Mohammed to attack Jesus?” by Dr. Ted Baehr in WND, with thanks to Looney Tunes.

Mohammed Yusef, the founder of Invicta Capital in Great Britain, is using a government tax-incentive program to fund the movie version of the anti-Christian “Da Vinci Code” novel for Sony Pictures.

According to the Times of London, the London-based Invicta is taking advantage of British tax rules to provide Sony with 100 million pounds of the 114 million pounds that the movie reportedly cost. The capital allows Sony to dramatically reduce its cost of borrowing money to produce and market the movie.

The “Da Vinci Code” movie qualified for an outgoing regime of tax breaks because it was partially shot in the United Kingdom. The British government is phasing out the tax incentives because of allegations of abuse.

Mohammed Yusef, chairman of the advisery firm Invicta Capital, previously noted:

“We are delighted to have successfully concluded the largest-ever film sale and leaseback in the UK. ‘The Da Vinci Code’ is a very exciting film and we have seen strong demand from our clients looking to invest in it.”

According to the Times, Invicta buys the entire movie from Sony with its money, then leases it back to the producer. Invicta covers its 100 million pounds investment by raising cash from wealthy investors, usually in amounts ranging from 2 million pounds to 3 million pounds. Sony will then guarantee these individual investments by providing a steady stream of payments over a 15-year period. This allows the investors to defer tax bills running into hundreds of thousands of pounds, and even have access to some of their investment money before the tax bills finally come due.

The British government thus is helping Mohammed to conduct a jihad against Christians by promoting the Bible bashing, anti-Christian propaganda in “The Da Vinci Code.”…

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