Legal Niches

TIGA Eyes Florida Tax Breaks with Envy, Fear

By pete_gallagher

UK game industry group TIGA believes that a soon-to-be-enacted tax break in Florida for game developers raises the impetus for a similar measure in the United Kingdom.

The group stated that the Florida legislation 'confirmed the imperative' for competing legislation across the pond, with TIGA chief Richard Wilson stating, 'The UK games industry wants to compete on a level playing field with games businesses elsewhere in the world.'

Wilson added, 'Until we have TIGA's Games Tax Relief implemented in the UK our video games industry will be at a serious competitive disadvantage.'

Florida's plan would boost tax incentives to 20.0 percent of a qualifying production's total budget.

Full post as published by GamePolitics.com on May 07, 2010 (boomark / email).