All publications by tag «game industry»
Video games industry experts make predictions for 2021
Each January, Gamesindustry.biz asks industry experts what to look out for over the next twelve months. Last time, analysts were right on a fairly large number of points, from the prices of next-gen consoles to the lack of significant growth in cloud gaming.
Sony, Sega and WarnerMedia claim millions in UK tax relief
Under UK’s Video Games Tax Relief (VGTR) system, game developers can claim back up to 20% of some production costs. Warner Media, which owns Rocksteady (Batman: Arkham series) and Traveller’s Tales (the Lego games), used the policy to claim up to £60m in corporation tax relief. Sony claimed around £30m, while Sega received a £20m tax reduction.
Guardian published these findings to restart the discussion on whether VGTR creates inadequate tax avoidance opportunities.