news: The New York Times Takes Potshot at Game Company Tax Breaks

First, I feel obliged to inform you that About.com is owned by the New York Times and they do, in fact, sign my check.

Disclaimer aside, the New York Times had just published an article lambasting the tax breaks that video game companies receive. Using EA as an exemplar, they show how game companies double dip on tax breaks and utilize loopholes, such as the R&D tax break, to increase their profits. They also cite tax experts who critique the notion that video game companies produce any technology useful outside of their own interests, and that tax breaks for game companies have little positive effect.

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