40°
Submitted by yarbie1000 728d ago | news

EA helps write Tax Laws that will save them Millions

Florida awarded EA more than $9.1 million in tax credits during the state's 2011-12 fiscal year to subsidize development of the 2012 editions of three popular EA sports games: Madden NFL, NCAA Football and Tiger Woods PGA Tour. It was the largest amount one company has received in a single year in the history of Florida's entertainment-based incentive program.

Next year should be even better for EA, which generated more than $4 billion in worldwide sales during its fiscal 2012. The company is tentatively in line for $14.5 million worth of tax credits — to subsidize development of the 2013 versions of the same three video games.

EA is profiting so handsomely from Florida's entertainment incentives because it helped rewrite the state program. Records obtained by the Orlando Sentinel show that lobbyists for EA have worked closely with an influential Central Florida lawmaker — state Rep. Steve Precourt, R-Orlando — to mold the 9-year-old program to EA's advantage.

Thanks VGN for the tip! (EA, Industry)

-Mika-  +   728d ago
I don't mind this. That money could go towards creating a new game.
#1 (Edited 728d ago ) | Agree(0) | Disagree(3) | Report | Reply
Hellsvacancy  +   728d ago
HAHAHAHAHA are you serious? EA wont do that
#1.1 (Edited 728d ago ) | Agree(1) | Disagree(0) | Report | Reply
Kyosuke_Sanada  +   728d ago
I'm serious, every time you make a post, this needs to be your theme.....

http://www.youtube.com/watc...
yarbie1000  +   728d ago
Subsidies sounds a lot better than Welfare - - everyone hates those Social Welfare recipients...but we love those Corporate Welfare recipients

Add comment

You need to be registered to add comments. Register here or login
Remember
New stories
10°

Guilty Gear Xrd -SIGN- Review | 411mania

20m ago - It’s a bit overly cautious and doesn’t try to do anything new, but it is a solid enough entry if... | PS3
10°

Beasts of Monster Hunter 4 Ultimate: Tetsucabra Subspecies

21m ago - Zarna Guamore's Charlotte Buckingham writes: "The Tetsucabra Subspecies is a new monster in Mo... | 3DS
40°

Hideo Kojima Shows More Metal Gear Solid V: The Phantom Pain; Explains Current Development Stage

21m ago - Metal Gear Solid V: The Phantom Pain Director Hideo Kojima is working hard on the game, and today... | PC
20°

Final Fantasy Type-0 director Tabata organising a Reddit AMA and new details on the soundtrack

22m ago - Final Fantasy director Hajime Tabata is organising a Reddit AMA for Final Fantasy Type-0 HD on Ja... | PS4
Ad

Far Cry 4 (XB1) Review

Now - Ken finds his inner tiger in Kyrat. | Promoted post
10°

“My Sorrows are Melting Away Into the Song”: How to Build a Universe Out of Music

24m ago - ZD: "In this installment of With a Terrible Fate: I analyze the music of “Majora’s Mask,” through... | Retro