In response to:

Governments Handing Out Corporate Tax Subsidies for Video Games

ScoJoMo Wrote: Dec 06, 2012 12:03 PM
A couple problems here. Number 1: That there even IS a corporate or income tax in the first place! 2: A tax deduction is NOT a subsidy! This drives me CRAZY! When lefties say that oil and gas producers get "subsidies" they're flat out lying! So, we can't turn around and say that these video game makers are getting "subsidies." It's hypocritical! I'm 100% on-board with ending corporatism, which is why there should be 0 corporate and individual income tax.
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...