The company should have been eligible for a program known as the Digital Animation Production Tax Credit, which is capped at $15 million a year, auditors said.
That’s because, according to auditors, Blue Sky Studios applied for - and received - the wrong credit. But by the auditors’ same logic, the two $32 million payments to Blue Sky Studios in the last two years would amount to overpayment of another $34 million, they told the Mirror.
The audit report, released March 31 of last year, didn’t include tax credit data for 20.
