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Posts tagged taxes

China's virtual goods taxation sparks price increases and controversy

China's State Administration of Taxation recently imposed a 20 percent income tax rate on profits made from virtual currency and virtual items, sparking price increases for virtual goods. While this tax rate (if actually enforced) clearly impacts the virtual space, it also affects transactions...

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China legislates 20% tax rate on virtual currency profits

While much of the world's gold farming activity is based in mainland China, the black market industry operates in violation of the law. Despite this, a large part of the problem in curbing illegal activities in China is that there's a substantial divide between what the law states is illegal and the...

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Dream of Mirror Online update changes tax rates

Dream of Mirror Online's version 7.5 update has gone live, and it's accompanied by a new issue of the micro-faux newspaper the Eversun Times. The news: economic hardship has stricken Eversun City, and its leaders are under intense scrutiny. As a result, a new 10% tax rate has gone into effect in...

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