The ATO is planning on taxing gold farmers?!

Virtual world: tax man cometh – BizTech – Technology – theage.com.au

The Australian Tax Office is with it… In another sign that the virtual worlds and real worlds are colliding, the ATO is warning that Gold Farmers are likely to be taxed on earnings from online games.

How they will track virtual currencies I don’t know. This is a very interesting development as the years progress and various currencies and e-currencies begin to displace country based currencies. Keep an eye out.

Constantine Frantzeskos

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