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Governments Handing Out Corporate Tax Subsidies for Video Games

snappercat Wrote: Dec 06, 2012 11:03 AM
There's logic in subsidizing video games makers; move people into a virtual world and many will ignore the lack of creature comforts. Every now and then there's a story about someone in S. Korea starving to death - so busy in the fantasy world he forgot to eat.
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...