As many are aware, governments world wide have been discussing for quite some time the taxation of online game virtual assets.
Baloney. Governments are only trying to tax actual $ profits, not plats. This thread keeps popping up every 6 weeks but no matter how many times you repeat the lie it still isnt true.
As many are aware, governments world wide have been discussing for quite some time the taxation of online game virtual assets.
Baloney. Governments are only trying to tax actual $ profits, not plats. This thread keeps popping up every 6 weeks but no matter how many times you repeat the lie it still isnt true.
Well, seeing as pretty much ALL EULA's clearly state that I personally do not own a single thing on my account they need to tax the MMO companies for any stuff I have on my character, as it is theirs.
And they can not sell it, it would be the same as a cash shop for gear I have aquired, which tends to be end game raid gear, and I doubt any cash shop would sell that.
So it has no value!
The fact that the eula is a non binding legal contract in most cases, and outright illegal in others, matters little, lets use them to our advantage for once?
If I were to sell my wow account for example, probably worth a hefty sum, then I am legally bound to report that income, at least if it goes above some breaking point, which I assume differs from country to country.
Taxing property in games like Entropia or Second Life I assume would be easier, as that has actual value.
But that would make the gaming companies something like a bank, as they have total control over my "invested" money.
Which would mean my gear in entropia would be governed by banking guarantees, IE the company goes bust and closes the seervers the government refunds my cash.
Something I do not ever see them doing.
Taxing virtual property is nothing new, stocks, bonds, options, funds you name it, are all "virtual" property, it has no more value then what people are willing to pay for it.
The fact that stocks is, or should, be tied to the value of the company in question menas nothing, as that is rarely the case, they are gambling tokens!
On the other hand, I would be thrilled to see a government report on how they tend to go about this, that would be some fun reading.
Id say it is almost impossible, but then again never underestimate the tax mans ability to put a tax on bloody everything..
------------------------------------------------------------------------------------------ Originally posted by Jerek_
I wonder if you honestly even believe what you type, or if you live in a made up world of facts. ------------------------------------------------------------------------------------------
Comments
Baloney. Governments are only trying to tax actual $ profits, not plats. This thread keeps popping up every 6 weeks but no matter how many times you repeat the lie it still isnt true.
So you are saying CNET is a liar? LOL
http://news.cnet.com/8301-13846_3-10109961-62.html?tag=mncol;txt
Well, seeing as pretty much ALL EULA's clearly state that I personally do not own a single thing on my account they need to tax the MMO companies for any stuff I have on my character, as it is theirs.
And they can not sell it, it would be the same as a cash shop for gear I have aquired, which tends to be end game raid gear, and I doubt any cash shop would sell that.
So it has no value!
The fact that the eula is a non binding legal contract in most cases, and outright illegal in others, matters little, lets use them to our advantage for once?
If I were to sell my wow account for example, probably worth a hefty sum, then I am legally bound to report that income, at least if it goes above some breaking point, which I assume differs from country to country.
Taxing property in games like Entropia or Second Life I assume would be easier, as that has actual value.
But that would make the gaming companies something like a bank, as they have total control over my "invested" money.
Which would mean my gear in entropia would be governed by banking guarantees, IE the company goes bust and closes the seervers the government refunds my cash.
Something I do not ever see them doing.
Taxing virtual property is nothing new, stocks, bonds, options, funds you name it, are all "virtual" property, it has no more value then what people are willing to pay for it.
The fact that stocks is, or should, be tied to the value of the company in question menas nothing, as that is rarely the case, they are gambling tokens!
On the other hand, I would be thrilled to see a government report on how they tend to go about this, that would be some fun reading.
Id say it is almost impossible, but then again never underestimate the tax mans ability to put a tax on bloody everything..
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Originally posted by Jerek_
I wonder if you honestly even believe what you type, or if you live in a made up world of facts.
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