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Reader Comments (7)

Posted: Aug 10th 2009 12:06PM (Unverified) said

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Wow, cool article. That seems like a no-brainer when you think about it, but I'm not sure it would have occurred to me at all.

Posted: Aug 10th 2009 3:20PM (Unverified) said

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It's also tax dodging. In effect the cost of living doesn't change so drastically compared to the international value of ISK. Really they should have carried on paying in local currency so the local tax system would get its cut and thus help support Iceland in its time of need.
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Posted: Aug 10th 2009 12:16PM (Unverified) said

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CCP has to be my favorite gaming company.

Posted: Aug 10th 2009 12:13PM (Unverified) said

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that is pretty cool

Posted: Aug 10th 2009 1:04PM (Unverified) said

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Not really news. Many firms with access to foreign currency have been using it to pay their staff in Iceland since the Icelandic Krona became close to worthless. Most prefer to accept their pay in Euro. Which is likely what everyone in Iceland will be using in the not-too-distant future.

Posted: Aug 10th 2009 5:04PM Yoh said

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Gotta love CCP, always thinking of their employees and customers first, rather then being cut throat like other development studios I can mention.....'cough'...EA...'cough'.

Posted: Aug 10th 2009 9:39PM (Unverified) said

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@Jon

Heh, tax dodging. Yeah right.

They will still have to pay taxes on whatever they earn, regardless of currency.
By paying them in a potentially more valuable currency the employees will likely be paying higher taxes, not less.

Paying the employees in a more stable, valuable, foreign currency increases their disposable income and therefore helps the local economy, not hinders it.

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