I feel like we’re in an ANOTHER episode of Always Sunny, where Rockstar says, “Hey guys, we’re not going to mess up this thing again, promise.”
Hard Cut to:
Rockstar North has received 19 percent of all tax credits paid to the games industry by the UK government and paid nothing in corporation tax for nearly a decade, according to a report from TaxWatch. The UK tax think tank estimates that the Grand Theft Auto developer has claimed around £42 million /$51 million over the last few years through the Video Games Tax Relief scheme.
“Our analysis shows that the amount claimed by Rockstar North is the equivalent of 19% of the total relief paid to the entire video games industry in the UK since the programme came into effect,” reads the report. “This raises serious questions as to whether the relief is being properly targeted, at a time when the industry is lobbying for the relief to be expanded and made more generous.”
“How is it possible that a game made in the UK,” asks the report, “generating billions of dollars in profit for its parent companies and senior management, makes a loss for tax purposes in the UK and is able to claim tax back from the government?”