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Are virtual assets taxable?

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Author	Thread Statistics \| Show CCP posts - 1 post(s)
Discorporation	Posted - 2006.01.18 17:06:00 - [31] You don't pay dog taxes, Rod? [Now with MIND BULLETS!]
Rod Blaine	Posted - 2006.01.18 17:07:00 - [32] Edited by: Rod Blaine on 18/01/2006 17:07:15 Originally by: Discorporation You don't pay dog taxes, Rod? I do, but thats not related to their economic value but due to their production of waste. i.e., they **** on the governments' lawn and my taxes pay for the fact that I can let em do that. _______________________________________________ Power to the players !
Discorporation	Posted - 2006.01.18 17:09:00 - [33] Dunno where you let your dogs poo, but where I live, you can get fined for that [Now with MIND BULLETS!]
Rod Blaine	Posted - 2006.01.18 17:11:00 - [34] Originally by: Discorporation Dunno where you let your dogs poo, but where I live, you can get fined for that Uitlaatstroken :p _______________________________________________ Power to the players !
Dafuzz	Posted - 2006.01.18 17:20:00 - [35] Originally by: Rod Blaine I have a dog Yes Rod, you do have a dog. Proof! TBH this is really Rod's Dog. Photo taken at Evol 2005 BBQ. I think we should tax Rod for it tbh. -- -If you can't dazzle them with brilliance, riddle them with bullets..
Rod Blaine	Posted - 2006.01.18 17:24:00 - [36] Yup, that him. 60 kilos/120 pounds (for you non-euro guys) of black bear. I'm currently training him to fetch my loot. Oh, and I;m glad they dont tax me by weight _______________________________________________ Power to the players !
Discorporation	Posted - 2006.01.18 17:25:00 - [37] Yes. Twice, coz it's huge! [Now with MIND BULLETS!]
Syrec	Posted - 2006.01.18 17:46:00 - [38] Virtual assets aren't taxable, but the income you make wheeling and dealing them can be. I expect that like many other issues slightly relating to MMORPGs, this will be thrown way out of hand on many message boards because people won't take the time to read and understand what's going on. The IRS is not going to charge you taxes for your light electron blasters and ships just because some stooge is selling them on Ebay for 10 bucks.
Larsonist	Posted - 2006.01.18 18:28:00 - [39] i wonder if we would get tax breaks
Deja Thoris	Posted - 2006.01.19 22:21:00 - [40] Edited by: Deja Thoris on 19/01/2006 22:23:48 Originally by: Maya Rkell Originally by: Avon Been discussed here recently. And no, they shouldn't be - you don't own them. No, that's not the reason. (And your statement is untested legally). They are untaxable because the Eve servers are privately owned and there is no interchange of a goverment-backed currency during play. (RMT income is taxed as any income, of course) So whats your point? Barter transactions can be taxed. You just need to be able to link a value to the transaction. Not hard to do EDIT - Dammit a dev beat me to it
Teles666	Posted - 2006.01.19 22:54:00 - [41] Edited by: Teles666 on 19/01/2006 22:57:15 I can imagine the conversation... Hi there, I own a big space ship with lots of lasers an stuff, do I need to pay any tax on it? Yes sir of course, any pink elephants to declare as well? If I played quake, and a big rich freak wanted to get a top clan so payed me to play quake - what would be taxed? Frags? Time on server? No, the money made. Same diff.
Maya Rkell	Posted - 2006.01.20 00:22:00 - [42] Originally by: Avon Originally by: Rodj Blake Virtual assets should not be taxable. However, money made from the sale of those assets will be taxable. Selling something you don't own is fraud. Filling tax returns is not normally a priority for a criminal. And saying that you do not own things in Eve is an untested statement, legally. I'm afraid that the IRS wouldn't consider "but it's against the EULA" anyway, it'd make your situation worse if it was upheld, not a defence. Redundancy, I did follow most of that debate, but I for one consider TN..er..somewhat behind the curve on these things (not that it's not useful...), we've had it out at Corpnews several times in recent years. Personally, I quoted the opinion of someone who really IS a UK lawyer and my friend (he also plays MMO's and is interested in the topic) :) Warning: above post may contain traces of sarcasm.
Malthros Zenobia	Posted - 2006.01.20 00:48:00 - [43] Edited by: Malthros Zenobia on 20/01/2006 00:48:46 Originally by: Istvaan Shogaatsu I'm probably one of the biggest Bush fanboys in Eve... This is like, Darth Vader, can't-reach-climax-without-killing-a-puppy evil.
Malthros Zenobia	Posted - 2006.01.20 01:05:00 - [44] Originally by: Rod Blaine Yup, that him. 60 kilos/120 pounds (for you non-euro guys) of black bear. I'm currently training him to fetch my loot. Good idea. It's probably eaiser than training to use a damn tractor beam. Originally by: Istvaan Shogaatsu I'm probably one of the biggest Bush fanboys in Eve... This is like, Darth Vader, can't-reach-climax-without-killing-a-puppy evil.
Lord Obsidian	Posted - 2006.01.20 02:57:00 - [45] "It's a little bit like getting an autograph of a baseball player or movie star. You could sell the autograph, and folks do, but we don't tax folks who get the autographs and don't sell them." - Quote from the Article. This is how it will turn out, and its how it should be. If you play the game for the 'fun of it' and not as a 'job' you dont pay tax. Play the game as a 'job' and any money earnt from it is taxed.
Dao 2	Posted - 2006.01.20 03:13:00 - [46] tax game items give them game money ;p here is the 100k isk tax for selling my faction loot ;p
Fooball	Posted - 2006.01.20 10:33:00 - [47] Well, if the tax agency gets themselves an official EVE account, I can gladly right click on their name and "Give money..." just for the laughs
Avon	Posted - 2006.01.20 10:46:00 - [48] Originally by: Maya Rkell And saying that you do not own things in Eve is an untested statement, legally. I'm afraid that the IRS wouldn't consider "but it's against the EULA" anyway, it'd make your situation worse if it was upheld, not a defence. Actually, this is one part of the EULA that does have legal precedent. Maybe you should ask your lawyer friend to explain it to you? The Battleships is not and should not be a solo pwnmobile - Oveur
Corp Scammer	Posted - 2006.01.20 10:49:00 - [49] hmmm well its not legal to sell eve items but lets consider other games where it is if u make a business out of it then depending where u live u might pay tax on it

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