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Digital Extremes Wins Tax Credit

Discussion in 'News & Articles' started by hal, Mar 26, 2006.

  1. hal

    hal Dictator Staff Member

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    Digital Extremes, Silicon Knights, Pseudo Interactive, Groove Games, and Koei Canada - all Ontario based gaming companies - have joined forces to lobby a 30 percent tax credit for digital entertainment corporations. (thanks, blue's)

    Not only does the budget increase the tax credit, it loosens the credit's intellectual property ownership requirements. Even though Digital Extremes invented Unreal Tournament, the game was brought to market via U.S. publishers, who owned the intellectual property. This restricted the Canadian inventor's eligibility for tax breaks.

    "Now we can get a lesser credit of 20 per cent on that kind of project, and 30 per cent where we have intellectual property ownership," Braun said. "Now, when Ontario game developers approach publishers they can in effect offer games 20 to 30 per cent more cheaply. We look forward to seeing how these tax credits will grow the video game industry in Ontario."
     
  2. gregori

    gregori BUF Refugee

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    Does this tax break Apply to developers or publishers?
     
  3. livingtarget

    livingtarget BulletCatcher

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    ...and is this deal already done or are they still trying to get the tax break? ;)

    Maybe a silly question, but just checking...
     
    Last edited: Mar 27, 2006
  4. Nemephosis

    Nemephosis Earning my Infrequent Flier miles

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    So do I, being that I live here and all. Guess we'll see if they really do offer them cheaper or just pocket the surplus.
     
  5. Birelli

    Birelli meh...

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    From the Gamasutra article it sounds like it's already passed.
     
  6. borsdy

    borsdy New Member

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    DE actually made ut99? Their bonus pack in ut2003 was nice but what happened to their talent after that??!!?
     
  7. hal

    hal Dictator Staff Member

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    DE and Epic created Unreal and UT together.
     
  8. BITE_ME

    BITE_ME Bye-Bye

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    Canada has free health care.
     
  9. Hans Oberlander

    Hans Oberlander New Member

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    So? What does this have to do with the article?
     

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