Many people fail to realize this, but it's taxation on profits made from virtual goods. Nobody is getting taxed on the amount of in-game loot and treasure they have on their avatar, they're getting taxed on the money they make from selling that in-game loot.
Perhaps it's legitimizing the gold selling, but it's a huge market in China, and I know they don't care about how it might hurt a virtual economy to legitimize it.
Reader Comments (1)
Posted: Nov 21st 2008 4:52PM (Unverified) said
Perhaps it's legitimizing the gold selling, but it's a huge market in China, and I know they don't care about how it might hurt a virtual economy to legitimize it.