No tax breaks for the UK Game Industry

Is anyone surprised?

Hopes for the implementation of tax breaks for the UK games community appear to be receding as the overall economic conditions in the country look increasingly bleak, with MPs Jeremy Hunt and Ed Vaizey both facing up to the realities of convincing the Conservative/Liberal Democrat coalition government to help fund the videogame sector.

When economic conditions are good, taxes must be high. When economic conditions are bad, taxes must be high. Does this make any sense?

A country is nothing more than a container that holds people. It is the people who are real, the nation is chimerical. The way of standard operating procedure is to see the people as chimerical and the nation as ‘real’ and as a ‘unit’. So if the nation is having revenue problems, tough toenails, the people and its industries must suffer!

High taxation has never made a nation wealthy and has never solved a nation’s financial woes. Across the board tax cuts would let the people prosper and would have the people dependent on taxes suffer (e.g. the politicians). This was done in America in the early 1980s that created so much success, a massive economic boom resulted. And since the source of taxes is a nation’s economy, as the nation’s economy grew so did the tax revenue. Both the tax revenue and suffering people problems were solved.

But this will not happen. A politician’s mind operates exactly like a mind from the Age of Feudalism. They would rather be an aristocrat of a mountain of rubble than be an equal among others in a land of plenty.

But at today’s event, MP Ed Vaizey said that he still supported tax breaks in principle, but admitted in reality it could take two years to usher in a fair system, which would also need to be signed off by the European Parliament in Brussels: “I still support a videogames tax credit. The issue for us is timing,” he said in an attempt to manage industry expectations moving forwards.

Why the hell does an industry in the UK need the permission of Brussels to get a tax break? Is UK its own country or not?