Possible Video Game Tax Break Delayed In The UK

By Jared Scott on April 16, 2013, 5:35PM EST

This month was supposed to be the start of a tax break for the video game industry, but it has been delayed for an unspecified amount of time to further investigate the tax breaks.

The tax break is part of a five year battle by TIGA who believes that they are necessary to stimulate growth in the video game industry. The EU Commission, who is investigating the proposed tax breaks, believes that because games are already being made that the tax breaks may be unnecessary.

Joaquin Almunia, commission VP at the EU, went as far to say that, "Such subsidies could even distort competition." TIGA CEO, Richard Wilson, had comforting words explaining that the delay does not mean defeat, but that it will just be a while longer for tax breaks for the industry.

While tax breaks are always a touchy subject, it seems apparent that TIGA is not ready to give up and will continue fighting for the gaming industry.

Source: Gamasutra

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