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Posts tagged taxes

Crawl devs devise a better way to announce a delay

Just like Mother always said: "If you have to deliver bad news, use a gif." Crawl, the monster-infested multiplayer dungeon crawler from Powerhoof, won't launch on its promised July 17 date. Powerhoof is an independent studio in Melbourne, Australia, and the team has run into tax issues that...

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UK games industry still waiting on promised tax breaks

UK games industry trade association TIGA has urged the European Commission to deliver promised tax relief for local game developers after failing to meet a proposed implementation date. The UK government planned to issue a total of £50 million in tax breaks for UK developers, starting in...

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VP Joe Biden: 'No legal reason' the US can't tax violent media

Vice President Joe Biden has been on the front lines of the gun violence debate since the mass shooting in Newtown, Connecticut, in December. In January, Biden led a task force assigned by President Barack Obama to examine possible means of curtailing gun violence in the US, and his findings...

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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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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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UKIE wants 30% games industry tax break, UK begins tax plan scrutiny

UKIE, a trade group for the entertainment industry in the UK, joined UK gaming trade association TIGA in calling for a tax relief flat rate of 30 percent across the industry, in the hopes of stimulating the UK's game development business. In March, UK chancellor George Osborne pledged to "turn...

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UK finally implementing game tax relief

The UK government announced today it would finally provide tax relief for game developers, which comes as welcome news to the region's struggling scene. The relief will take the form of £15 million in 2013-14, with £35 million in 2014-15. "Our research shows that Games Tax Relief should...

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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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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...

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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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