turtles like technology

Grossing 17.5 Million/month selling virtual goods?

Virtual World News reported today that the Finish Virtual World of Habbo is bringing in 17.5 million dollars a month by selling virtual goods. That was this past month. Amazing how during these economic times, virtual goods are acting (well not acting) are a true commodity.

To give this commodity even more credence, the Chinese government has begun taxing virtual goods. To you skeptics of virtual goods: this is real. There is not much difference between the physically material good and the virtual one — economically speaking or maybe psychologically too?

[Photo courtesy of Linden Labs.]

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[...] I’ve noted in an earlier post, the Chinese government took the lead on taxing virtual goods. Well, now the IRS is considering to [...]

Pingback by turtlethink.com | IRS Looking to Tax Virtual Goods on January 20, 2009 9:24 pm

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