Special Report on
Real taxation of virtual commerce
Real taxation of virtual commerce - Trends
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Increased broadband access and the emergence of more powerful computers for everyday use are fueling a rise in the popularity of shared multi-user online spaces known as virtual worlds. Virtual worlds are simulated environments accessed by multiple users through an online interface. Other terms for virtual worlds include digital worlds, synthetic worlds, and massively multiplayer online games. Perhaps you've visited one already. If not, your children probably have. Neal Stephenson's 1992 novel Snow Crash envisioned a futuristic virtual world called the metaverse, in which characters controlled digital representations ...
They’re baaaaack! The Democrats, in their persistent view that anything which possibly can be taxed should be, are again proposing federal legislation to impose sales taxes on interstate purchases made over the Internet. The measure, H.R. 5660 sponsored by Rep. Bill Delahunt (D.-Mass.), has the Orwellian title of the “ Main Street Fairness Act .” New-speak continues in the subtitle: “To promote simplification and fairness in the administration and collection of sales and use taxes; and for other purposes.” At least the last four words are accurate. The “other purposes” in this case are ... Read More
SURVEY RESULTS FOR
REAL TAXATION OF VIRTUAL COMMERCE