Open the Future: Sword of Taxation, +5

URL

http://www.openthefuture.com/2011/08/sword_of_taxation_5.html?

Description

You may or may not have heard/give too hoots about Diablo 3, but if you have, you might also have heard about their plan for an in-game auction house, where players will be able so sell the in-game items they acquire for real world cash. Leaving aside the fact that is going to take gold-farming to a whole new level of third world sweatshop labour, Jamais Cascio makes an excellent point, here: because these items will have a directly-measurable real world value, they will be be taxable in the US, the UK, and other places. Not taxable-when-you-sell-them, you understand. Taxable when the game randomly gives them to you. This could get very interesting, and I'm certainly going to think twice about playing - I just don't need the paperwork.

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