Revealed: global video games giants avoiding millions in UK tax
by Oliver Holmes, Keza MacDonald and Keith Stuart from Technology | The Guardian on (#4RMEC)
Four large companies - including Sony and Sega - have claimed close to half of all relief from a culture-focused tax policy
A UK tax policy intended to boost the domestic video games industry has been used by some of the world's largest entertainment companies to avoid paying tens of millions of pounds in corporation tax, a Guardian investigation has found.
WarnerMedia, which owns the British game development companies that make the Lego and Batman: Arkham series, has claimed up to 60m in corporation tax relief, according to company filings.
Continue reading...