UK Gives Videogame Devs Tax Relief

The UK sounds like a great place to live for all sorts of reasons, including the landscapes, the culture, and the cars.  And despite a not-favorable-to-Americans exchange rate, developers may now want to admire it for financial reasons, too, since videogame developers are set to get tax relief.

Richard Wilson, the chief executive of the Tiga trade association, told Claudine Beaumont, “Games tax relief will increase employment, investment and innovation in the UK video games sector.  Over a five-year period it should create or protect 3,550 graduate level jobs, increase or safeguard 457 million in development expenditure and encourage developers to adopt new business models and create new intellectual property.”

That’s a pretty remarkable announcement.  The UK may become a sort of mecca for videogame developers as a result.

Or here’s another nice idea: other governments will follow the UK’s lead and favor their developers in a financial way.

By Doug Caverly

Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

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