tax rebates tagged posts

New Zealand Needs Tax Rebate for Video Games

August 21, 2015 Taxation in New Zealand

WELLINGTON – Video game studios in New Zealand could compete against other international studios if the government provided appropriate tax incentives.

In a new statement released on August 21st the New Zealand Game Developers Association (NZGDA) called for video game production to be eligible for tax breaks just like high-budget film productions.

Currently overseas movie studios which move aspects of their visual effects production to New Zealand are eligible to receive a rebate of 20 percent on any qualifying expenditures, if the total production value is more than NZD 500 000.

In addition, productions with a smaller budget but with a significant economic contribution to New Zealand may be eligible for a smaller 5 percent rebate.

However, these rebates are not available to video game p...

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Tax Subsidies for Solar Power Do Not Work

February 18, 2015 Taxation in USA

WASHINGTON D.C – Taxpayer money is being used to fund solar energy int he USA, but new research shows that the expenditures are not having any significant positive effect.

Taxpayers in the USA provide billions in funding each year to subsidize tax breaks and other allowances for the expansion of solar energy, according to the results of new research completed by the US non-government based organization Taxpayers Protection Alliance.

Over the last five years the government has provided an average of USD 39 billion of financing grants, tax credits, loans and bailouts to businesses in the solar energy industry.

However, despite the large amount of taxpayer funding provided to the industry, solar energy is still more expensive than energy from natural gas and other traditional sources.

Curren...

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