BBC NEWS: UK games industry faces EU tax break investigation

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Old 04 April 2013   #1
BBC NEWS: UK games industry faces EU tax break investigation

Quote:
"
The UK video games trade body Tiga says it is "disappointed" that the EU has decided to probe a planned tax break.

The deduction was due to have been introduced on 1 April, but was delayed after the European Commission failed to approve the plan.

On Tuesday the regulators ruled an in-depth investigation was needed as they believed there was "no obvious market failure" that needed to be addressed.

The UK government says it remains committed to the proposal."

http://www.bbc.co.uk/news/technology-22185476
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Old 04 April 2013   #2
I love it how a "Tax Break" is considered a subsidy... The most greedy people on earth are government types. Everything belongs to them, and anything you have is theirs.
 
Old 04 April 2013   #3
Tax breaks are just the standard way of showing 'support' for industries - it means the government doesn't have to front up any cash.

It's frustrating for small businesses though - in UK film production we have a 'producer's tax credit' which allows you to reduce/reclaim tax on a completed film - great if you can get that far but it does nothing for helping you get a film financed.

Larger productions can secure a loan off the back of the tax credit from some UK banks but you need a budget in the low millions minimum to arrange something like that - just getting the paperwork done costs more money than most indie films
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Old 04 April 2013   #4
These days it seems tax breaks and subsidies are expected from studios, and when they don't exist, neither does the work.
 
Old 04 April 2013   #5
I wish we could go back to the old fashioned way, where a production company looked for investors rather than looking to government...
 
Old 04 April 2013   #6
Investors are not all that interested in investing in games these days ... too high risk, too costly, and more often than not, very little profit. Same for film.
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Old 04 April 2013   #7
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