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Posts tagged tax

Mass. Lt. Gov. wants game tax credits tied to job creation

Massachusetts is the fifth largest state for game industry employment in spite of better developer incentives in other states. Nearly 1,300 industry jobs exist in the Commonwealth, but a recent profile of Irrational Games by The Improper Bostonian covers how the state's grip on gaming could slip if...

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Oklahoma attempts violent-game tax, ESA responds

O-K oy vey -- some States just never learn. Oklahoma State Representative William Fourkiller has proposed a 1 percent tax on Teen, Mature and Adults Only-rated games. Fourkiller says, "Violent video games contribute to some of our societal problems like obesity and bullying, but because they raise ...

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Ireland planning to double its game industry jobs

Ireland is planning to double its game industry employment numbers by 2014, targeting 4,500 jobs from the current estimate of 2,000. The country, which has been dealing with a financial crisis, and acting as a corporate tax haven as the same time, is looking to back sustained growth in digital cr...

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UK government may close online shopping tax loophole

The gaming significance of the above headline may not seem apparent, but bear with us. This May, the UK government will consider "the continued marketing and use of highly aggressive and artificial tax avoidance schemes." As noted by VG247, businesses located in a certain part of Jersey (the UK o...

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North Carolina to provide tax breaks for game companies

North Carolina is going to provide some epic tax breaks to video game developers. According to the ESA, a bill signed by Governor Beverly Perdue will provide a 15 percent tax credit on "wages and compensation for employees involved in digital media production, or the creation of a platform or engin...

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TIGA and ELSPA form Steering Committee for UK tax relief

Looks like the UK's video game industry organizations aren't going to take the recent removal of their hard-fought game development tax relief plan from the nation's Emergency Budget lying down. Earlier today, TIGA and the ELSPA announced their partnership on a "Steering Committee" to investigate w...

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UK game retailers facing pricing challenge due to VAT increase

Last week, the UK Emergency Budget resulted in a proposed increase in the country's VAT (similar to a sales tax). When it goes into effect in January, the tax will increase by 2.5 percentage points. Game retailers are mulling over the possibility of absorbing the added the cost, instead of passing i...

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TIGA delivers petition for tax relief to UK government

[Image credit: Bashed] UK video game industry trade association TIGA delivered a petition today to 10 Downing Street (that's where Her Majesty ... oh, it's just the British Prime Minister's residence), seeking the introduction of Games Tax Relief. The petition was signed by 55 "senior industry figu...

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Ireland trying to court Realtime Worlds, other Scottish devs with tax holiday

In an attempt to kick-start its own video game industry, Ireland has begun to target a number of high-profile Scottish game development studios, attempting to woo them over to the Emerald Isle by offering a five-year tax holiday. Colin Macdonald, manager of Dundee-based APB developer Realtime World...

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ESA prez asks Texas to extend tax incentives for game developers

In an op-ed piece fort the Austin American-Stateman, Entertainment Software Association president Michael Gallagher asks the Texas legislature to extend the state's economic incentive programs for the game industry -- such incentives were signed into law in 2007 by Governor Rick Perry. The bills t...

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