Rockstar The Developer of GRAND THEFT AUTO Is Accused Of Tax Evasion

Rockstar The Developer of GRAND THEFT AUTO Is Accused Of Tax Evasion

Creator of the Grand Theft Auto franchise is in hot water right now in the UK after reports claiming the company hasn't paid taxes in 10-years.

By Vames - Jul 31, 2019 03:07 PM EST
Filed Under: Grand Theft Auto 5
Source: Games Industry
Rockstar, the developers behind the popular video game series, Grand Theft Auto, is in deep problems right now after recent reports claiming the company has failed to pay taxes for 10-years, according to Tax Watch UK.

Apparently, the studio paid zero corporation tax between 2009 and 2018, this despite the current lifetime sale of Grand Theft Auto V topping $6 billion worldwide. It gets even interesting when the report claims that Rockstar North claimed $70 million in tax credits from Her Majesty's Revenue & Customs for over 10-years.

According to the thinktank: "This report also raises questions as to whether an appropriate amount of profit has been allocated to the UK companies involved in the game's development. Seven active companies based in the UK using the Take-Two and Rockstar names declared a total profit before tax of £47.3m in the UK between 2013 and 2018. However, over the same period we estimated the operating profit of games published by Rockstar to be in the region of $5 billion."

If this accusation holds, then Rockstar could be made to pay millions in owed back tax to the United Kingdom. Then again, things could even take a more terrible turn should this issue be brought before the courts.

Grand Theft Auto V is widely believed to be the most successful in the series after 110 million copies of the game were sold to gamers since 2013.
Prime Gaming Offers 20 Free Games For November: MARVEL'S GUARDIANS OF THE GALAXY, DISHONORED, And More
Related:

Prime Gaming Offers 20 Free Games For November: MARVEL'S GUARDIANS OF THE GALAXY, DISHONORED, And More

GRAND THEFT AUTO 5 Rumored To Be Coming To PC Game Pass
Recommended For You:

GRAND THEFT AUTO 5 Rumored To Be Coming To PC Game Pass

DISCLAIMER: As a user generated site and platform, GameFragger.com is protected under the DMCA (Digital Millenium Copyright Act) and "Safe Harbor" provisions.

This post was submitted by a user who has agreed to our Terms of Service and Community Guidelines. GameFragger.com will disable users who knowingly commit plagiarism, piracy, trademark or copyright infringement. Please CONTACT US for expeditious removal of copyrighted/trademarked content. CLICK HERE to learn more about our copyright and trademark policies.

Note that GameFragger.com, and/or the user who contributed this post, may earn commissions or revenue through clicks or purchases made through any third-party links contained within the content above.

Be the first to comment and get the conversation going!

View Recorder