Legal Niches

Dream of UK Tax Breaks May Be Evaporating

By pete_gallagher

While Canada keeps rolling along and introducing tax breaks designed to lure more developers to the Great White North, optimism for similar measures across the pond in the UK appears to be fading.

An article on GamesIndustry.biz notes that, in the UK's gloomy economic environment, MP's Ed Vaizey and Jeremy Hunt are 'facing up to the realities of convincing the Conservative/Liberal Democrat coalition government to help fund the videogame sector.' Hunt indicated in a recent speech that he would still 'love' to introduce the tax breaks, but that he still needed to convince members of the government.

'Political insiders' also told the publication that announcing any tax breaks for developers at the current time would be ''impossible', and tantamount to ‘political suicide''.

Full post as published by GamePolitics.com on June 08, 2010 (boomark / email).