Friday, March 1, 2013

A Good Article On Virtual Tax

A little bit earlier I referred to a problem of 'virtual tax' - whether proceeds (at least in real money) from virtual transactions should be taxed in real world.

A good overview of this issue is given by vanguard tax lawyers in the article "Taxing the Virtual World... And Beyond" (by Stephen P. Kranz, Lisbeth A. Freeman, and Mark W. Yopp).

An interesting aspect is that authors show certain similarity between virtual worlds, social networks and some other similar phenomena in terms of taxation. The article focuses on the U.S. tax system, but the perspective is global.

In any case, it is a real pleasure to see terms linke 'team deathmatch' in an article on legal topic.

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