Virtual tax in South Korea

WoW TaxPeople have been speculating about it for long enough. Today, along with the UK public smoking ban, South Korea introduced VAT on money transactions in online games. Not a tax on virtual gold as such, but a tax on the payment of real money for virtual gold.

It’s not that big a deal, though it does seem to be a world first. The tax will only affect people buying virtual currency from large gold seller businesses. Frankly, anything that might kick Warcraft addicts up the arse is a good thing.

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