IRS urged to tax virtual worlds, economies

[Mordack]

Well, this is unenforceable. Taxing online goods effectively would require a massive amount of international cooperation between states, businesses and trade organizations. I don't think the revenue which they'd gain would justify the enormous costs of such an endeavour.

[Cole]

Taxing virtual worlds, crap, when will they come and get me for enslaving humans and making them work as slaves

[Seaborgium]

Well, this is unenforceable. Taxing online goods effectively would require a massive amount of international cooperation between states, businesses and trade organizations. I don't think the revenue which they'd gain would justify the enormous costs of such an endeavour.

Na, They will just make Paypal and other venders report it. If you don't use them then ya could be fine.

[Demeisen]

They will just make Paypal and other venders report it.

yep

[RepliMagni]

If they're purely talking about taxing people on RL profits made from virtual goods, then I don't see the problem. You're making RL money so should be including it in tax reports anyway.

If they're talking about about ingame trades and taxing that.....well, thats just downright silly. Paying RL taxes because you happen to have a good ingame account...poor Lore/Tekki and co. Plus you then get the funny instances of people "stealing" your resources which have a real value and so eligible to ring the police and have them arrested. It would destroy online games the minute it was implemented.

[J.S.]

People receiving income from sources where some or all of the tax cannot be collected under the PAYE system, for example: profits from rents, investment income, foreign income and foreign pensions, maintenance payments to separated persons, fees, profit arising on exercising various Share Options/Share Incentives.

This is what is in Irish law, and I would imagine it is the same elsewhere.. In some places you have dual tax.. Which would be Canada and .....

I think it is possible that it is in other countries too..

[*Adamix*]

Taxing us players is madness

Though I have a question, wouldn't they tax the game, which would mean admin would have to give them a piece of what players buy from the black market instead of us?

I think they'd just give like a big tax on WoW and second life, and little or no tax to other games if anything happened in this direction.

Oh, and good post RepliMagni


*Adamix*

[J.S.]

Taxing us players is madness

Though I have a question, wouldn't they tax the game, which would mean admin would have to give them a piece of what players buy from the black market instead of us?

I think they'd just give like a big tax on WoW and second life, and little or no tax to other games if anything happened in this direction.

Oh, and good post RepliMagni


*Adamix*

Jason has to declare tax he makes off the game, otherwise the federalis would come in and go "click" game gone, oh and you owe us............ 1 Million dollars muhahahaha

To be honest I think this article is just trying to scare all those people who make 2-3 grand a week of games and don't pay taxes..

I wouldn't worry "too much" about those who make considerably less. It's like all those companies suing youtube users for watching their copyrighted material.

J.S.