Harvard legal scholar and Yeshiva University law professor Christine Kim published a research paper detailing a plan to tax the metaverse.
Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.”that the metaverse allows participants to create and build wealth entirely within its ecosystem.“Because economic activity within the Metaverse satisfies the Haig-Simons and Glenshaw Glass definitions of income, its exclusion will create a tax haven.
Under Kim’s proposals, taxation would occur immediately upon receiving gains, “including unrealized gains and income,” even if they remain in the metaverse. The second, which Kim calls less preferable, is referred to as residence taxation and would rely on platforms sending tax information to users who would then file and pay their own tax obligations.
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