Pages: 1 [2] 3 :: one page |
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Author |
Thread Statistics | Show CCP posts - 1 post(s) |
Bruce Kemp
Suddenly taken over
106
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Posted - 2014.03.26 06:34:00 -
[31] - Quote
Lucas Kell wrote:They are talking about bitcoins and the like. ISK isn't a convertible currency. It's a number that CCP hold on your account, which they own the rights to entirely.
This.
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Riot Girl
You'll Cowards Don't Even Smoke Crack
2955
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Posted - 2014.03.26 06:43:00 -
[32] - Quote
ISK doesn't act as a substitute for real currency. Oh god. |
Prince Kobol
1486
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Posted - 2014.03.26 07:18:00 -
[33] - Quote
The only possible way I can think off for either the IRS or HMRC to get involve is if CCP reported anybody caught selling isk for RL money and that person is investigated for not declaring another source of income. |
Tanuki Kittybeta
Garoun Investment Bank Gallente Federation
33
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Posted - 2014.03.26 07:23:00 -
[34] - Quote
In any case, why should I care about what's going on with US laws? |
Prince Kobol
1486
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Posted - 2014.03.26 07:34:00 -
[35] - Quote
Tanuki Kittybeta wrote:In any case, why should I care about what's going on with US laws?
Didn't you know, The US is the only country in the world |
ImYourMom
Republic University Minmatar Republic
37
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Posted - 2014.03.26 08:04:00 -
[36] - Quote
TigerXtrm wrote:Jack Tronic wrote:Per IRS rulings, all virtual currencies are now taxable as properties. http://consumermediallc.files.wordpress.com/2014/03/n-14-21.pdf"Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as GÇ£convertibleGÇ¥ virtual currency" Better start pumping the ISK into offshore accounts. ISK doesn't have an equivalent value in real currency because ISK can not be legally converted into real currency. There is only theoretical value if you reverse calculate the price of a PLEX against its value in ISK.
well it can, you can use ISK to buy a plex,, plex can be sold for real money. |
Loraine Gess
Confedeferate Union of Tax Legalists
171
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Posted - 2014.03.26 08:13:00 -
[37] - Quote
Regnag Leppod wrote:Lucas Kell wrote:They are talking about bitcoins and the like. ISK isn't a convertible currency. It's a number that CCP hold on your account, which they own the rights to entirely. The IRS will just see that Isk can be "converted" to PLEX or Aurum. They don't care who owns it, they just tax it.
They'll tax it at what rate, 5% of isk? are we sending our 5% of taxed isk to an IRS account???
It's for CONVERTIBLE currencies that have a real-life equivalent... |
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Chribba
Otherworld Enterprises Otherworld Empire
11432
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Posted - 2014.03.26 08:16:00 -
[38] - Quote
Good look enforcing that. If it had any effect on EVE.
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Jarod Garamonde
Sardaukar Merc Guild General Tso's Alliance
1398
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Posted - 2014.03.26 09:54:00 -
[39] - Quote
Nariya Kentaya wrote: Better start pumping the ISK into offshore accounts.
game is hosted in UK by an icelandic company, they cant tax ****.
also, ISK isnt owned by any player, its owned by CCP, so if they want to try and tax someone for my use of an ingame currency theyd have to tax CCP[/quote]
Dear OP and everyone who believes OP's nonsense,
Read Nariya's post, multiple times, understand that you're wrong, and STFU. This will never be a discussion, again.
The IRS doesn't even have a solid constitutional law to operate on, in the US. Why in the blue hell do you think they would be able to operate in Iceland? (Yes, folks.... the IRS is technically illegal) That moment when you realize the crazy lady with all the cats was right... |
Wacktopia
Noir. Noir. Mercenary Group
627
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Posted - 2014.03.26 10:25:00 -
[40] - Quote
Jack Tronic wrote:"Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as GÇ£convertibleGÇ¥ virtual currency"
ISK itself has no monetary value and can never be exchanged for real world money.
Whilst you can buy ISK via the PLEX system, this is a one-way transaction.
Ergo, ISK is not "convertible" in the sense that convertible infers conversion in both directions.
. Forums are playing EVE too. Fact. |
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Jarod Garamonde
Sardaukar Merc Guild General Tso's Alliance
1398
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Posted - 2014.03.26 10:32:00 -
[41] - Quote
What would the IRS even do with ISK, anyway? Buy Megathrons and gank us for not paying our space taxes? Seriously. People need to think about things before they open their undereducated mouths.
This whole "the guv'mint stole my bike" BS in my country is going way too far. There's PLENTY of other heinous crap our politicians do.... but instead of paying attention to the fact that we're fast becoming a totalitarian dictatorship/fascist police state, you want to complain about how you misinterpreted one little line in a tax code (not actually a law, BTW), and went off on what has to be one of the dumbest conspiracy theories, ever. The "FEMA Death Camp" loonies are more entertaining than this. That moment when you realize the crazy lady with all the cats was right... |
Remiel Pollard
Stirling Iron Society A Rather Intimidating Group of Individuals
2797
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Posted - 2014.03.26 10:36:00 -
[42] - Quote
stoicfaux wrote:Lucas Kell wrote:ISK isn't a convertible currency. EVE. You're playing it wrong.
By not engaging in RMT? No, that would be called playing it right. You can't sell isk for real money, but it doesn't matter, because if you could, this law would only apply to people with isk in IRS jurisdiction. You don't scare me. I've been to Jita. |
Burl en Daire
The Ecstatic Cult of Dionysus
30
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Posted - 2014.03.26 10:37:00 -
[43] - Quote
I was under the impression that all transaction between parties needed to have a tax paid. |
Alphea Abbra
Common Sense Ltd Nulli Secunda
721
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Posted - 2014.03.26 10:58:00 -
[44] - Quote
ImYourMom wrote:TigerXtrm wrote:Jack Tronic wrote:Per IRS rulings, all virtual currencies are now taxable as properties. http://consumermediallc.files.wordpress.com/2014/03/n-14-21.pdf"Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as GÇ£convertibleGÇ¥ virtual currency" Better start pumping the ISK into offshore accounts. ISK doesn't have an equivalent value in real currency because ISK can not be legally converted into real currency. There is only theoretical value if you reverse calculate the price of a PLEX against its value in ISK. well it can, you can use ISK to buy a plex,, plex can be sold for real money. Can PLEX be sold? Technically yes. Will CCP ban you for doing so? Also yes. The RMT question isn't what is discussed here - where I live, you could probably get in trouble if you do RMT without reporting your income. From the point of the government, it's an income even if the gaming company bans you afterwards. But the point isn't about what you could technically do, but whether it counts as income or assets in any taxation sense. If any government agency calls the CCP headquarters and asks them whether person A owns for say 1 000$ in assets - CCPs answer AFAIK would be no. They might confirm that A owns 50 PLEX, and that those PLEX was bought at 20$ each, but not that they currently are worth that, because CCP would not allow the person to trade back the PLEX. Furthermore, CCP (Again, AFAIK) would point to the EULA and say that everything on the servers is CCP property and any assets (Such as PLEX) is a part of a service that CCP offers to customers. To the best of my knowledge, this cannot be taxable.
And, if it were, it would be almost impossible for any non-Icelandic agency to enforce it. |
Len Ross
The Scope Gallente Federation
19
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Posted - 2014.03.26 11:18:00 -
[45] - Quote
Finally a fun post .Consider this. Take a pirate to court for piracy and theft. Might even get someone who plays a spaceship game the death penalty in RL |
Prince Golem
Prince Golem's empire
8
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Posted - 2014.03.26 11:21:00 -
[46] - Quote
you should have waited till April 1st |
voetius
BITB Support Services
208
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Posted - 2014.03.26 11:32:00 -
[47] - Quote
the only interesting point raised in this thread is whether the tax authority operating under this law could go after RMT sites, as they are trading in virtual currencies.
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LordOfDespair
Capsuleer Combat Training Services
12
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Posted - 2014.03.26 12:38:00 -
[48] - Quote
This only applies to things like BitCoin.
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Tippia
Sunshine and Lollipops
20265
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Posted - 2014.03.26 12:40:00 -
[49] - Quote
voetius wrote: the only interesting point raised in this thread is whether the tax authority operating under this law could go after RMT sites, as they are trading in virtual currencies.
If they don't report their income, sure, but that has nothing to do with the currencies being used. GÇ£If you're not willing to fight for what you have in GëívGëí you don't deserve it, and you will lose it.GÇ¥
Get a good start: Newbie skill plan 2.1. |
Reiisha
Evolution
526
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Posted - 2014.03.26 13:10:00 -
[50] - Quote
Dinsdale Pirannha wrote:Lucas Kell wrote:They are talking about bitcoins and the like. ISK isn't a convertible currency. It's a number that CCP hold on your account, which they own the rights to entirely. LOL...I am sure there are an number of null sec cartel leaders who might be consulting tax lawyers if that document is accurate and legit.
CCP will simply ban the accounts for RMT if they do. No company is obligated to continue to serve customers they don't want to serve.
If you do things right, people won't be sure you've done anything at all... |
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Qen Tye
Ministry of War Amarr Empire
24
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Posted - 2014.03.26 13:50:00 -
[51] - Quote
So they want to force US citizens to pay taxes for money used to buy virtual money, which you, the citizen, already paid taxes off?
wait ... what !?!?
This is funny - rly - it is XD
As stated by others /meeza happy meeza no us citizen are.
(Yes I know they cannot touch CCP being situated in Iceland) There are only 10 types of people in the world: Those who understand binary, and those who don't |
Azami Nevinyrall
Red Federation RvB - RED Federation
1772
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Posted - 2014.03.26 14:11:00 -
[52] - Quote
'merica New player experience, more highsec PvE missions, casual play, balance, counters to AFK cloaking, expanding the NEX store, and Power Projection.
Azami Nevinyrall for CSM9! |
Qalix
Long Jump.
213
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Posted - 2014.03.26 14:15:00 -
[53] - Quote
Mr Epeen wrote:Another reason I'm happy to be anything but a U.S. citizen. Mr Epeen Ahhhhh, there we go, Mr Epeen. Back to posting things I think are dumb :P
It was killing me agreeing with you so much yesterday |
Tippia
Sunshine and Lollipops
20269
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Posted - 2014.03.26 14:16:00 -
[54] - Quote
Jarod Garamonde wrote:What would the IRS even do with ISK, anyway? Buy Megathrons and gank us for not paying our space taxes? I approve of this new mandate. Now excuse me while I go and pick up a couple of Mega BPOs. GÇ£If you're not willing to fight for what you have in GëívGëí you don't deserve it, and you will lose it.GÇ¥
Get a good start: Newbie skill plan 2.1. |
Desivo Delta Visseroff
Cataclysmic Paradox
162
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Posted - 2014.03.26 14:19:00 -
[55] - Quote
Posting in a not so stealth "Support Bitcoin / Reading comprehension is hard yo" thread. |
Qalix
Long Jump.
214
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Posted - 2014.03.26 14:20:00 -
[56] - Quote
voetius wrote: the only interesting point raised in this thread is whether the tax authority operating under this law could go after RMT sites, as they are trading in virtual currencies.
It has nothing to do with virtual currency. An RMT is selling something for money, which means they have to pay taxes, just like the store selling bread.
This thread is so derped up. |
Batelle
Tymast Industries 150th
2425
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Posted - 2014.03.26 14:22:00 -
[57] - Quote
Jack Tronic wrote:Per IRS rulings, all virtual currencies are now taxable as properties. http://consumermediallc.files.wordpress.com/2014/03/n-14-21.pdf"Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as GÇ£convertibleGÇ¥ virtual currency" Better start pumping the ISK into offshore accounts.
Isk is not a substitute for real currency. "CCP is changing policy, and has asked that we discontinue the bonus credit program after November 7th. So until then, enjoy a super-bonus of 1B Blink Credit for each 60-day GTC you buy!"
Never forget. |
Hasikan Miallok
Republic University Minmatar Republic
509
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Posted - 2014.03.26 14:26:00 -
[58] - Quote
Regardless of what people on internet forums think the IRS will merrily do what they do. Commonsense and tax law have no connection whatsoever.
Note no real money needs to trade hands for something to be taxable . Here for example is the current IRS policy on bartering: http://www.irs.gov/taxtopics/tc420.html
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SomethingIs InMyButt
Veldspar United
8
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Posted - 2014.03.26 14:33:00 -
[59] - Quote
Jack Tronic wrote:Per IRS rulings, all virtual currencies are now taxable as properties. http://consumermediallc.files.wordpress.com/2014/03/n-14-21.pdf"Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as GÇ£convertibleGÇ¥ virtual currency" Better start pumping the ISK into offshore accounts. i'll pay my taxes this year in ISK. you want 13k? well okay. *sends 13,000ISK*
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Vyl Vit
618
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Posted - 2014.03.26 14:36:00 -
[60] - Quote
Lucas Kell wrote:They are talking about bitcoins and the like. ISK isn't a convertible currency. It's a number that CCP hold on your account, which they own the rights to entirely. How can one contrive a conspiracy theory when people like you keep bringing up the FACTS???
Anyone with any sense has already left town. |
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