A bit of light morning reading.
This should scare the hell out of people.
Here are a couple of choice quotes, “Slowly but surely authorities around the world are turning their attention to online games and virtual worlds and the tax-exempt status of the economic activity taking place within them.” and “Some wish them well, some wish them ill, but many are just pondering how to go about taxing goods and services that are by their nature immaterial.”
Taxes on transactions of real money through online activities already exist and are being collected. Some of these nimrods are pushing taxes on nonexistent items and currency.
Go check out Professor Seto’s take on the whole subject. And consider how people who want to increase tax revenue see this.
This ranks right up there with carbon taxes, and it could very possibly net billions of “dollars” that don’t actually exist, further distorting the economies of every country that does it. Much like artificially raising property values.
Have these idiots not learned from the “.com bubble” fiasco at all?
