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Game Industry Among Most Subsidized In Country

sjohnson
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Posted September 12, 2011 - By Stephen Johnson

E3 For Complete Noobs: Your Guide To All Things E3 2011

This week is G4 University week, where we teach would be game-industry workers how to get started, but if you happen to be a captain of industry already, I urge you to move from steel production or railroads to video gaming. Games are where the real tax breaks are, Mr. Rockefeller.  According to an in-depth New York Times article, the video game industry is among the most heavily subsidized segments in the United States.

According to The Times, the gaming industry takes advantage of a ton of industry incentives, tax loopholes, write-offs and credits to get tax payers to shoulder some of the burden for producing games. Just how pervasive are these tax benefits? Reportedly, even some in the subsidy rich oil industry wonders why the government should give tax breaks to games.

The idea is to keep game industry jobs and innovation in this country, as opposed to outsourcing it to nations that might provide a less expensive base of operations for game companies.

Personally, I'm glad a portion of my tax dollars support great games from huge game companies, but as you might expect, others disagree about whether it's good for the country to partially pay for companies who make violent video games... especially give the fact that games make a ton of money, with or without tax breaks.

Companies within the industry, of course, intend to continue seeking tax incentives. Not taking advantage of potential tax breaks would be like “insisting on paying full price during a store sale,” according to Jeff Brown, a company spokesman for EA.

Source: New York Times

All of the best people are following Stephen Johnson's twitter feed. Also, email me if you wanna.

Tags: Videogames
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