US Congress to tax Virtual-world economy - Instablogs
US Congress to tax Virtual-world economy
Yashpal , Shimla: Oct 18 2006
Made Popular Oct 18 2006
The virtual economy is growing so fiercely that it has drawn attention of economists all over the world. US govt is also one of them who is trying to entrap the virtual economy in the chains of taxation. A U.S. congressional committee has started to...
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Tags: U.S. Congressional Committee, Virtual world, Taxation, GDP
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Anupam Agnihotri
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Anupam Agnihotri bodyofwealth.com Oct 18 2006
Shimla, India
Yash, I think it would not be wrong if US congress comes forward to tax Virtual-world economy because it would prove out a good source of income for US goverment.

so there is nothing wrong in this as far as my thinking goes.
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Yash
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Yash Oct 24 2006
Gwalior, India
The same is my opinion as depicted above because the heavy money transaction is real not virtual. So if it affects the state economy then it should be definitely excise duty should be imposed on it.
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Matt
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Matt Nov 23 2006
Darien, United States
A good article on this subject:

Matthew J. Dowd, State and Local Tax Implications of Virtual Worlds, 41 State Tax Notes 225 (2006).
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