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Sweden, South Korea Eye Taxation on Virtual Items
2009-10-17 00:00:00
Following China's lead, Sweden and Korea are working to clarify tax regulations to include in-game trade of virtual items, according to the BBC.
To be clear, we're not referring to the transfer of goods based on real money sales of in-game gold and other items. That's a cash business and already subject to tax laws.
The theory - at least in Sweden and Korea - seems to be that since some virtual items are readily exchangeable for cold, hard cash, swapping such goods may trigger a tax...
2009-10-17 00:00:00
Following China's lead, Sweden and Korea are working to clarify tax regulations to include in-game trade of virtual items, according to the BBC.
To be clear, we're not referring to the transfer of goods based on real money sales of in-game gold and other items. That's a cash business and already subject to tax laws.
The theory - at least in Sweden and Korea - seems to be that since some virtual items are readily exchangeable for cold, hard cash, swapping such goods may trigger a tax...
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