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France strengthens video game tax credits to combat talent drain

In the last five years, 50 percent of French developers have drained out of its industry -- and the French government wants to stem that tide by reforming its tax credits.
In the last five years, France has lost 50 percent of its game development jobs, according to website Tax-News. These troubling stats have caused the country to vote to reform its video game tax credit. French developers have fled to the U.S. and Canada -- and the French government wants to stem that tide. As a first step, the country has extended the period for which expenses incurred during the development of a game are eligible for the tax credit, from 36 to 72 months, to allow for the extended development period of today's games. Moreover, currently under debate is a bill that includes language abolishing the requirement that game development projects exceed 10 million Euros ($13.7 million) to be eligible for that extension. According to Tax-News, the National Assembly has also backed amendments to the bill that would allow PEGI 18+ games -- which are currently excluded -- to apply for tax breaks, as well as lowering the minimum budget for eligible games to 100,000 Euros ($137,340) from 150,000 Euros ($206,010).

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