A report from The Guardian reveals that a British tax relief fun has paid the vast majority of its funds — which were originally intended to be earmarked for smaller developers based in the UK — to global game publishers such as Sony, Sega, and Warner. Specifically, the report reveals that these companies have used this tax loophole to avoid paying tens of millions of pounds in taxes. Video Game Tax Relief (VGTR) allows game publishers to claim back up to 20 percent of some production costs. Each individual claim can amount up to £500,000, and the companies in question have, since…
This story continues at The Next Web