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Governments Handing Out Corporate Tax Subsidies for Video Games

nostrum Wrote: Dec 06, 2012 2:02 PM
Here's what card-carrying Republicans have been instructed to parrot, "Eliminating the Bush tax rate cuts on the top 2% will raise about $80 billion per year. THAT’S IT." Hmmmmmm....let's see....gotta start paying for your 10 year and counting nation building project in Afghanistan sometime!
Corporate taxes can be messy and complex due to the government's desire to pick winners and losers in different industries. While the U.S. has the highest corporate tax rate in the world, very few corporations actually pay the nominal 39.2% rate. General Electric, a huge winner when it comes to government subsidies, has in some recent years paid a 0% rate due to breaks and subsidies.

Sometimes a government's policy of picking winners results in amusing results. Great Britain's Chancellor of the Exchequer revealed their new corporate tax policy outline - and they're going to...