|
Remarks on Reddit state that this is a move to avoid paying UK taxes and save a little cash
17.Mar.20, 09:07;
52;
0;
+0 |
0 |
-0
Though Jagex was being cagey about its financial future, we now have official confirmation that Fukong has sold Jagex into US Platinum Fortune for the price of $530 million USD.The news comes via Reddit user Jin001, who had been kind enough to interpret the various Chinese financial statements. They affirm say but also that the sale that US Platinum isn't what it seems. It's, in fact, a shell company registered in Delaware - a state called a tax haven as a result of its lax tax laws and unenforced corporate laws. Additionally, it is possessed by a Chinese lawyer residing in the US.
Remarks on Reddit state that this is a move to avoid paying UK taxes and save a little cash. Even so, shares with Fukong reportedly fell 15 percent after news broke of this transparent push to avoid paying taxes.Taxes are a big thing in the British games industry lately. National headlines were created after it was disclosed that a few of the biggest names in gambling dodged taxes by opening shell corporations. Rockstar Games and Activision Blizzard are two of the names which use this strategy to avoid paying millions in taxes.
Fukong doing precisely the identical thing is hardly unexpected, but it's notable for a business which seems to be in some trouble. One wonders if RuneScape will be around for much longer.
RuneScape Player Drops On Microtransactions, Proves Concerns Over Pay-To-Play Plans Are Valid
Disappointment over microtransactions in hot online fantasy RPG RuneScape has come to a head recently. According to this report, a British RuneScape player built up debt exceeding £50,000 ($62,000 USD). Curious about RuneScape's pay-to-play clinics started in 2012 when RuneScape introduced an opportunity game called Squeal Of Fortune that gave benefits, such as armor, in-game money, or experience points. Players had chances if they played with real money to win.
Please visit the following URL if needed www.rsgoldfast.com
|