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Gold Farming made illegal by Chinese Govt

Discussion in 'UHall' started by Bluebottle, Jul 1, 2009.

  1. Bluebottle

    Bluebottle Guest

  2. EnigmaMaitreya

    EnigmaMaitreya Crazed Zealot
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    I suspect that in the end, the Government(s) want a bigger slice of the pie than they are getting, if any.

    Consider this Conversion of In game Currency to Real Life Currency is in fact an Income.

    Yet the transactions are so small, individually, that they are not tracked by anyone, even though they could be.

    If the Forbes Projections of a few years back are on target, then the Gross Income from the sale of In Game items/Currency are in excess of $5 Billion annually.

    One might kind of wonder why such an industry that is inherently electronic funds transfer in nature are exempt from taxation.

    Such that IF EA/UO sold all items and gold through the UOStore, then of course they would be required to pay taxes, BUT They would be able to subtract all the expenses first, not the least of which would be Employee Slaries, benefits, Hardware, Building etc.
     
  3. Maplestone

    Maplestone Crazed Zealot
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    My read of it is that it's not aimed at gold-farming at all, but rather at non-government currencies that are being used for tax evasion (although it's mostly aimed at non-gaming stuff, even the currency in Second Life started getting some attention from the IRS in the US a while back because big companies were starting to look at it as a loophole where you could trade without having to pay sales taxes).

    I don't think it has any intention of shutting down gold farming, especially if it a growing source of income into the country.
     
  4. CatLord

    CatLord Guest

    Untaxed growing sources of income into any country arent welcomed.

    It creates market deviations and illusionary economies... with the current global effort to control every kind of money flux and the constant attacks to off-shores... having a virtual off-shore on every PC could be extremely dangerous.
     
  5. Bluebottle

    Bluebottle Guest

     
  6. EnigmaMaitreya

    EnigmaMaitreya Crazed Zealot
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  7. Dermott of LS

    Dermott of LS UOEC Modder
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    ...

    Untaxed growing sources of income into any country arent welcomed.

    Government forbid you keep anything you earn. That's "unfair" to others who didn't earn it.
     
  8. Cazzador

    Cazzador Guest

    Yeap and all the wellfare people that need your money.
     
  9. JC the Builder

    JC the Builder Crazed Zealot
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    Actually it is having a huge impact in games which actually have a working economy. For instance in Eve Online the price of certain minerals (along with many other items) is reaching unseen levels directly because of this. I don't know enough to make a direct comparison, but prices are up something like 25-30%.
     
  10. Omnius

    Omnius Crazed Zealot
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    Actual Gold farming in UO is less profitable than most activities. Of course it does bring in more gold into play but mining for instance can bring in more money per hour if done along side bod farming.