TIGA Applauds UK Government Corporate Tax Reduction, But Wants More

November 30, 2010 -

UK-based trade organization TIGA issued a statement this morning about the government's announcements on corporate tax reform, and its plan to introduce a "Patent Box." The UK government announced that it will introduce a Patent Box in April 2013 – a 10 percent CT rate on profits from patents. The UK government also announced a "Corporation Tax Road Map" and timetable to deliver a reduction in corporate tax for large and small businesses. The plan calls for a reduction in the rate from 28 to 24 percent over the next 4 years and a reduction in the small profits rate from 21 to 20 percent from April 2011.

"TIGA is pleased that the Government is to progress with the Patent Box and we look forward to engaging with the Treasury on our previously announced proposals to reform R&D tax credits," TIGA CEO Dr. Richard Wilson said. "Although we welcome the planned reduction in Corporation Tax this will not be sufficient to drive the creative industries forward in general and the video games industry in particular. The fact remains that the only way to drive substantial inward investment into the UK games industry is for the Government to adopt Games Tax Relief. If we really want the UK economy to be open for business the Government needs to be brave enough to look again at our proposals."

Details on the government's proposals can be found at the links below:

- Government Announcement

- Patent Box Proposal

- R&D Credit Proposals


 
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Andrew EisenAdam McKay directed cartoon about income inequality. https://screen.yahoo.com/we-the-economy/inequality-1-unbelievable-sweet-alpacas-175411663.html10/21/2014 - 8:54pm
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prh99Adobe calls out Gawker for GG bullying and backpedals...sort of. http://bit.ly/1pyM4Yg10/21/2014 - 8:35pm
Neo_DrKefkaThanks James. Means a lot.10/21/2014 - 7:24pm
prh99Nothing that hasn't been said.10/21/2014 - 6:52pm
Andrew EisenHaven't read it yet. I'm sharing this because I love the header image. http://nymag.com/scienceofus/2014/10/gamergate-should-stop-lying-to-itself.html10/21/2014 - 3:39pm
james_fudgeYou are one of us, you're a GPer, not a GGer :)10/21/2014 - 2:27pm
james_fudgeNeo_DrKefka: half of them don't know who that is, so no worries :)10/21/2014 - 2:27pm
Andrew EisenUpdate to the Paranautical Activity story. Dev leaves the studio. http://codeavarice.com/post/100592709238/mike-is-leaving-code-avarice10/21/2014 - 1:52pm
quiknkoldI'm sure you are, Andrew10/21/2014 - 1:44pm
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Neo_DrKefkaSo Gamergate compared me to leftist Saul Alnsky....ME off all the people10/21/2014 - 1:16pm
IanCWell.... quite.10/21/2014 - 1:10pm
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Andrew EisenGlad you said "Pokemon." That's the first time I've seen anyone use that abbreviation.10/21/2014 - 12:14pm
MaskedPixelanteGot my demo key for ORAS, hope I get some awesome Pokemon to bring over.10/21/2014 - 12:08pm
E. Zachary KnightNot owning a WiiU helps too.10/21/2014 - 11:39am
E. Zachary KnightI have avoided Skylanders and Disney Infinity so far, so I don't see how Amiibos will get me in their grasp.10/21/2014 - 11:39am
Andrew EisenYes, GamerGate has a lot of fair-weather friends.10/21/2014 - 11:25am
 

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