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Posts tagged taxes

DUST 514 1.4 update to bring usability changes, taxes

On September 3rd, CCP will deliver its biggest update yet to EVE Online-linked, PS3-exclusive shooter DUST 514. Among the changes are performance tweaks, bug fixes, and controller/mouse control improvements, along with the introduction of a hub for collecting player data. And because this is CCP...

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The Daily Grind: How much did you spend on MMOs last month?

$14.95. That's how much I spent on MMOs in December, which went entirely into the pockets of Cryptic Studios for Star Trek Online. Otherwise, my journeys in Guild Wars, Lord of the Rings Online, and the RIFT beta were completely free. We have come a long way from the days of $8/hour CompuServe game...

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The Virtual Whirl: Death and taxes

"Nothing is certain but death and taxes"; a rather sardonic and bleak proverb, quoted and paraphrased by a number of famous figures over the years. The earliest on record was Daniel Defoe, in The Political History of the Devil in 1726. Well, this week the death part doesn't concern us so much as th...

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UK game tax policies has Realtime Worlds considering move to Ireland

Realtime Worlds is becoming synonymous with Scotland's game development with their upcoming title All Points Bulletin, but there are reports the company may consider relocating to Ireland. As one of Scotland's most prominent development studios, Realtime Worlds is keenly aware that as the computer ...

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EVE Online: The taxman cometh

When EVE Online developer CCP Soundwave isn't entertaining fans of internet spaceships with his wit during the EVE Alliance Tournament, he's apparently finding new ways to ... impose taxes on players? His dev blog today explains that CCP Games will tax the earnings of players in NPC corps and their...

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Sweden extending taxation into the virtual

Sweden is taking aim at online tax evasion and the estimated five billion Swedish krona (SEK) in annual undeclared income by the country's citizens. (This equates to roughly USD 645 million.) While much of this is revenue from "online marketplaces, porn, and astrology sites", undeclared income from ...

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IRS reports to Congress: Virtual worlds/MMOGs have always been taxable

Section 7803(c)(2)(B)(ii) of the Internal Revenue Code requires the National Taxpayer Advocate to submit a report to Congress each year and in it, among other things, to identify at least 20 of the most serious problems encountered by taxpayers and to make administrative and legislative recommendat...

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When white collar crime goes virtual

The writing is on the wall. Legislation of the virtual space is increasingly becoming the norm. Just look at the ways in which Sweden, South Korea, and China are looking into implementing virtual taxation. It stands to reason that this is only the beginning, and regulatory bodies in other countries ...

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Game revenue taxation begins spread to Sweden and South Korea

They always say the two things you can't avoid in life are death and taxes. Yet, being an MMO player, death always just seems to be a part of life. And now, governments around the world are beginning to become interested in putting in the other unavoidable part of life in our gaming experience -- as...

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The slow demise of virtual tax havens

Is taxation of commerce in the virtual space inevitable? We've been hearing more and more about this coming out of China, South Korea, and Sweden, but a recent piece on BBC News -- "Slapping a tax on playtime" -- hits a bit closer to home for many of us. Flora Graham, a technology reporter for BBC N...

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