The Western european Commission rate mentioned it would scrutinise British recommendations for tax arrives for video games designers because it was not very clear that taxpayers should subsidise the business. The 25 percent tax relief, which was announced by Chancellor George Osborne in 2012, was part of a government initiative to build Britain's technology base. The Commission said on Tuesday that it would launch an in-depth investigation into the proposal, saying it doubted that the aid was necessary. "The market for developing video games is dynamic and commercially promising," said Joaquin Almunia, vice-president for competition policy. "It is not clear whether the taxpayer should be subsidising this activity. Such subsidies could even distort competition." The system, that also covers the cartoon and high-end TV manufacturing services, is on similar lines to a movie tax credit, that Osborne had mentioned helped create more than 1 billion pounds of movie production investment decision in RIGHT BEFORE CHRISTMAS. |
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