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Posts tagged tax-breaks

UK game devs start to claim 'culturally British' tax breaks

Developers across the UK are donning their Union Jack dresses and piling up on their tea stocks, now that they claim the long-campaigned for "culturally British" tax breaks. We jest of course, but as of this week, qualifying studios are able to claim up to 25 percent on 80 percent of their...

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Georgia passes law giving $25 million in video game tax breaks

Georgia governor Nathan Deal today signed a bill that will grant local video game developers $25 million in tax credits, the Atlanta Journal-Constitution reports. The legislation, part of House Bill 958, will give tax breaks to Hi-Rez Studios, Tripwire Interactive, and other Georgia-native...

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European Commission approves UK games tax breaks

The European Commission announced it's approved the UK's long-sought gaming tax breaks, paving the way for the government to start finally implementing relief for game makers in the country. Almost a year after raising doubts over the necessity of the relief, the EU executive body concluded its...

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UKIE 'pretty confident' UK tax relief will go through despite EU doubts

UK gaming trade body UKIE is "pretty confident" the country's tax break proposal will be approved by the European Union and finally put into place, nullifying the doubts raised by the EU Commission over taxpayers contributing to the proposed relief. Last year, the UK government approved the...

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UK Interactive Entertainment CEO defends games as culture before EU tax investigation

Last week the European Commission announced it would kick off an "in-depth investigation" into proposed UK tax relief for video game developers, and UK Interactive Entertainment's Jo Twist wasn't too pleased by the news. This week the non-profit's CEO calls on the UK games industry to send a clear...

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EU Commission raises doubts over UK games tax relief, launching investigation

The European Commission announced an impending "in-depth investigation" into the UK tax relief for video games following doubts regarding its necessity. The breaks, announced last year by the UK government, are set to provide 25 percent tax relief on 80 percent of qualifying games' budget spent in...

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UK video game tax relief hinges on passing this 'cultural test'

The UK government outlined a "cultural test" that video games developed in the region must meet for the studio to qualify for tax relief, as part of the industry overhaul begun earlier this year. A game must earn 16 points to receive the tax break, with points awarded for such criteria as being...

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EU could lose tax breaks for game developers, threatens talent exodus

The European Union provides us a small-scale glimpse into the potential functions of a truly global society -- and more recently, a global society in crisis. The unified currency of the EU, the Euro, was on the brink of collapse recently and all of its member countries are still running damage...

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NYT: Video-game companies take lucrative advantage of US tax code, especially EA

If the United States tax code were cheese, it would be more Swiss than American -- tax breaks and incentives for software development, research and technological advancement were established to promote an intellectual advantage in the US, and video-game companies are in a unique position to take...

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Mass. bill proposes stepping up state's game dev incentives

With EA set to break ground for a new facility at LSU, and Gameloft considering similar "endeavors" in New Orleans, Louisiana legislatures have got to be feeling good about the allure of the state's Digital Interactive Media Credit. 1500 miles to the northeast, Massachusetts is considering...

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