The developer of the GTA series has not paid any taxes in the UK over the last ten years, despite significant profits and government subsidies.
One of the subsidiaries of the giant Take-Two Interactive has deceived the UK tax authorities. Rockstar North, the developer of the games from the Grand Theft Auto series, has been pinned by the report of the TaxWatch UK investigation group, which is rife across the Channel. He points to society for not having paid any taxes in Britain in the last ten years, when all the conditions were right for it to go to the fund.
Rockstar has benefited from subsidies supposedly granted to " small and medium-sized enterprises "
Still based in Edinburgh, Rockstar North has managed the feat of not paying a single pound of tax even though its parent company, Take-Two Interactive, has generated a turnover of $ 6 billion for its Rockstar games, released between 2013 and 2019. But there is worse.
Rockstar North is not ruined by our British neighbors, no. The firm has managed to get 42 million pounds sterling over the last three years, by collecting the amount in the form of tax credits allocated under the video game tax system.
In 2014, the UK government introduced this relief to support "culturally British" games, which apparently included GTA. Except that it was more for small and medium-sized companies, not big names in the sector. Rockstar North accounted for 19% of the total relief paid to UK companies. A monumental blunder.
Small profits declared while the group generated billions of dollars in sales
In the end, Take-Two and Rockstar reported only £ 47.3 million of total pre-tax profit for the period 2013-2018, while the group and its subsidiary own seven separate companies in Great Britain, and the group's revenues reached $ 5 billion over the same period.
The figures of the last GTA yet have enough to make things dizzy. GTV V has sold more than 100 million copies, and GTA Online is a box that has brought in hundreds of millions of dollars. " Take-Two seems to believe that it is reasonable to think that nearly 100% of the profits will go to their parent companies and their US-based executives, while almost no profit goes to the UK companies involved in manufacturing or manufacturing. the sale of the game "Says the report.
TaxWatch director George Turner protests that British taxpayer money (the so-called tax credits) has benefited an ultra-profitable group, and calls on the UK government to he is examining the situation urgently.
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