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Governments Handing Out Corporate Tax Subsidies for Video Games

shawn209 Wrote: Dec 06, 2012 11:14 AM

We need to stopy talking about "Picking" winners and losers. Its not picking. Its crony capitalism where one group persuades the government to make laws and regulations which augment their products and does its best to eliminate their competitor's. GE pays low taxes because they "fit" oh so nicely into the regulations and their competitors pay dearly, and do so in myriad ways--taxes being one, but others are simply capital requirements to achieve safety, health and environmental hurdles (also negotiated by capitalist crony lawyers)

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Damien4 Wrote: Dec 06, 2012 12:27 PM

Stop sullying capitalism's good name and call it what it is, fascism.

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Governments Handing Out Corporate Tax Subsidies for Video Games

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...

Related Tags: Video Games Corporate Welfare corporate taxes