October 17, 2006
Reuters - US Gov Probes SL

From their news operation in Second Life, Reuters reports on a congressional committee looking into online economies.

“Right now we’re at the preliminary stages of looking at the issue and what kind of public policy questions virtual economies raise — taxes, barter exchanges, property and wealth,” said Dan Miller, senior economist for the Joint Economic Committee. “You could argue that to a certain degree the law has fallen (behind) because you can have a virtual asset and virtual capital gains, but there’s no mechanism by which you’re taxed on this stuff,” he said.

Reuters/Second Life » US Congress launches probe into virtual economies

Posted by Dave at October 17, 2006 12:24 PM