Australia to tax Second Life revenues

From Andrea Weckerle:

Speaking of currency, Sibley believes that within 12 months or so the lines between real currency and Linden Dollars will really blur, with, for example, debit cards being used in SL. Reuters just reported that Australia is requiring that virtual income be reported as taxable. And the U.S. Congress is looking into this as well.

Until SL gets a lot more user-friendly, I am going to be the rare visitor. But Edward Castronova's book Synthetic Worlds is an interesting look into the economics of on-line "worlds." You enthusiasts should have it on your shelves.

Posted by Allan Jenkins on November 12, 2006 at 11:55 PM in Books, Economics | Permalink

Comments

The place to be to learn about virtual worlds and issues such as taxation and in-world legal issues, among other things, is going to be the State of Play IV conference in Singapore in January: http://www.nyls.edu/pages/2396.asp

Posted by: Andrea Weckerle | Nov 13, 2006 1:31:13 AM

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