Article: Tax breaks for game studios and publishers

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Article: Tax breaks for game studios and publishers

Postby Mr. Happy on Mon Sep 12, 2011 4:23 pm

New York Times article on how the games industry gets lots of tax breaks in the USA and Canada.

Those tax incentives — a collection of deductions, write-offs and credits mostly devised for other industries in other eras — now make video game production one of the most highly subsidized businesses in the United States, says Calvin H. Johnson, who has worked at the Treasury Department and is now a tax professor at the University of Texas at Austin.

Because video game makers straddle the lines between software development, the entertainment industry and online retailing, they can combine tax breaks in ways that companies like Netflix and Adobe cannot. Video game developers receive such a rich assortment of incentives that even oil companies have questioned why the government should subsidize such a mature and profitable industry whose main contribution is to create amusing and sometimes antisocial entertainment.
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Re: Article: Tax breaks for game studios and publishers

Postby joe_rogers_11155 on Tue Sep 13, 2011 6:48 pm

those damn oil companies want to dismantle our righteous video game culture
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Re: Article: Tax breaks for game studios and publishers

Postby Simpletool on Wed Sep 14, 2011 3:38 am

Ah yes, an industry managed by companies whose monthly gross profits measure in the billions and whose negligence leads to the largest man-made disasters is questioning why small entertainment companies are receiving tax breaks.
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Re: Article: Tax breaks for game studios and publishers

Postby joe_rogers_11155 on Wed Sep 14, 2011 4:51 pm

exactly. its fucking typical
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Re: Article: Tax breaks for game studios and publishers

Postby zombie@computer on Wed Sep 14, 2011 5:42 pm

Still, they have a point.
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Re: Article: Tax breaks for game studios and publishers

Postby Ennui on Fri Oct 14, 2011 3:27 am

zombie@computer wrote:Still, they have a point.

Not really. They're just grumpy that entertainment businesses somehow have leveraged better tax breaks than them, despite the oil industry's unceasing attempts to milk as much money out of their position of necessity as possible.
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