Tiga CEO Richard Wilson has written an open letter to the British government, claiming that 1,700 jobs will be lost in the UK video game industry over the next five years if it doesn't receive tax breaks. He also believes that if the industry received a 20 percent production tax credit, that investment would increase by £220 million ($303m USD) over five years and create 1,600 jobs.
Tiga requesting tax breaks in the UK is nothing new, but the organization has been stressing the issue lately. International competition from France, Canada and the US is taking its toll on UK-based developers as, according to the letter, "the UK game development industry fell from third largest in the world based on revenue in 2006 to fourth position in 2007 and is expected to fall to fifth place in 2009."
Reader Comments (23)
Posted: Mar 12th 2009 12:14AM The Punisher said
Less taxes is the way to go. The government needs to quit bleeding people and business' dry of their money. Governments need to stop spending money they don't have.
Posted: Mar 12th 2009 1:37AM Premature ejaculation man said
But they get their money from taxes!
Less taxes would work on a lot of levels right now though.
Reply
Less taxes would work on a lot of levels right now though.
Posted: Mar 12th 2009 7:23AM IronArcher said
At least someone understands that tax breaks help the economy. The govt gets enough money as it is. The economy is in financial straits, not the govt. JFK cut taxes and it worked, just as Reagan did, and it quadrupled govt income.
Tax breaks, so simple even a Caveman can figure it out. It's a shame that Obama cannot.
Reply
Tax breaks, so simple even a Caveman can figure it out. It's a shame that Obama cannot.
Posted: Mar 12th 2009 9:50AM HumanNature said
@cheese
Agreed, the trickle down effect works for the most part. Maybe not for small business but for big business yes as long as the executives aren't corrupt.
Reply
Agreed, the trickle down effect works for the most part. Maybe not for small business but for big business yes as long as the executives aren't corrupt.
Posted: Mar 12th 2009 4:37PM (Unverified) said
Big flaws in your arguments, first off government spending has a higher economic multiplier than tax cuts, that means every dollar put into the economy via spending will have a greater boost than those put in via tax cuts, secondly, FDR raised taxes on the rich during the Depression in 1934, and GDP rose over 10% for the next four years, it was only when he tried to cut government spending and balance the budget that the economy sunk again, thirdly as we've seen the past eight years, more tax cuts did not equal higher government revenues, when money was adjusted for inflation, and in fact sewelled the deficits, further tax cuts will only do the same, by cutting off government revenues, in addition, tax cuts will have little effect in this economic situation when people have retrenched their spending and people are fleeing the markets, tax cuts require people to acutally spend their money or invest it, but when people are not doing that it doesn't help. When Aggregate demand is down as much as it is, government spending is the best and really only route to economic recovery.
Reply
Posted: Mar 12th 2009 12:28AM F1 Basu Gasu Bakuhatsu said
Well... They can always pick a pocket of gold...
Posted: Mar 12th 2009 1:07AM MarkezJM said
HI JOYSTIQ - Please for the love of god delete my 1st comment of the RE5 giveaway page. For whatever reason everyone is an absolutely idiot and just hits reply to my comment to enter the giveaway rather than just beginning their own comment. The amount of emails I've received as a result is a ridiculous.
PLEASE DELETE MY COMMENT, THE 1ST COMMENT OFF THE RE5 GIVEAWAY PAGE.
Sweet hell, the rest of you, why are you so effing stupid you can't go to the bottom of the page to submit a comment? Goddammit.
PLEASE JOYSTIQ GODS HAVE SOME PITY ON ME AND DELETE MY COMMENT ON THAT PAGE. For godssakes.
PLEASE DELETE MY COMMENT, THE 1ST COMMENT OFF THE RE5 GIVEAWAY PAGE.
Sweet hell, the rest of you, why are you so effing stupid you can't go to the bottom of the page to submit a comment? Goddammit.
PLEASE JOYSTIQ GODS HAVE SOME PITY ON ME AND DELETE MY COMMENT ON THAT PAGE. For godssakes.
Posted: Mar 12th 2009 1:35AM Premature ejaculation man said
This man's post definitely seems most suitable to post in.
Why not utilise this opportunity to discuss which console is the best and which one sucks?
Get to it people!
Reply
Why not utilise this opportunity to discuss which console is the best and which one sucks?
Get to it people!
Posted: Mar 12th 2009 1:46AM MarkezJM said
I gave up on that feature working after seeing that it never worked to notify you after someone replied in a thread you'd already replied to in which you weren't the original poster. But hey if it works you're my new hero, the wind beneath my wings, and I owe you a hug n' tug.
Reply
Posted: Mar 12th 2009 2:55AM Foetoid said
Wow premature, that makes perfect sense debating consoles as a reply to Markez! Your logic is flawless. I'll start. Wii + PC FTW. Dual-analog sucks for FPS games, and since i love me some FPS action, Wii and PC have it all covered. Even as a Ninty Fanboy and PC gamerholic, i'll invest in a 360 soon to get the DVD upscaling, FFXIII, RE5, DMC4 and Fable 2.
Reply
Posted: Mar 12th 2009 7:40AM AwesomeTown said
Oh please no. I don't come to Joystiq for it's gripping political commentary.
Reply
Posted: Mar 12th 2009 7:05AM (Unverified) said
Socialism FTW.
In fact, go the whole hog, Communism FTW!
Game developers should be free to develop Games because they love doing so and they should want as many people to play them as possible, not to make as much money as possible, using whatever techniques they see as most profitable - looking at your competition spoiling "exclusivity deals" M$.
In fact, go the whole hog, Communism FTW!
Game developers should be free to develop Games because they love doing so and they should want as many people to play them as possible, not to make as much money as possible, using whatever techniques they see as most profitable - looking at your competition spoiling "exclusivity deals" M$.




