In the latest in a series of moves to figure out how to make money off of Net commerce, China levies a 20% tax on virtual goods. Governments, even if they are racking up huge reserves as China is, but especially when they are in a tax revenue crunch (think USA) will be exploring these options. For example, I live in Massachusetts and every year I pay state tax on what I purchase out of state on the Net.
Subscribe
About Simeon Simeonov
Events
Get invited to events I am organizing or speaking at.
Top Rated
- The best vesting schedule
- Monitoring Redis with MONITOR and WireShark
- Apache Spark native functions
- Startup Founder Agreements
- JSON and JSONlines from the command line
- About
- Startup Anti-Patterns
- Metcalfe's Law: more misunderstood than wrong?
- Making Money From the Paradox of Choice
- Nokia & Navteq: Vertical Integration or Diversification?
-
Latest Content
- Apache Spark native functions
- Unicorn pressures and startup failures
- Advertising marketplace design
- Angel investing strategies
- JSON and JSONlines from the command line
- My most favorite math proof ever
- Monitoring Redis with MONITOR and WireShark
- Google and the ecosystem test
- Anatomy of an online ad
- Startup anti-pattern: platform risk
@simeons on Twitter
- New England doctors, hospitals launch voter registration efforts bit.ly/2PI6Kmh https://t.co/qF5THxK3uJ 2 days ago
- In the years since we open sourced Spark-records this has continually proven to be true. #spark #DataEngineering twitter.com/kebabmaihaddi/… 3 days ago
- @kebabmaihaddi Job flights are an organization and/or application specific correlation identifier to help with oper… twitter.com/i/web/status/1… 3 days ago
- @kebabmaihaddi I pulled the 98% idempotent Spark job auto recovery rate from Swoop’s own petabyte scale systems. #spark 3 days ago
- Somewhere along the way, we forgot we are all in this together... Partisan Pandemic: How Partisanship [...] Affect… twitter.com/i/web/status/1… 1 week ago
- ack09
- Adobe
- Advertising
- AJAX
- amazon web services
- angel investing
- Apple
- Automattic
- AWS
- B2C
- Better Advertising
- Blogging
- bootstrapping
- Broadband
- Bubble 2.0
- business
- cloud computing
- customer development
- Digital Media
- e-commerce
- entrepreneurship
- FastIgnite
- Flex
- founder agreements
- FutureOfWebApps-SF06
- Geotagging
- IE7
- Industry News
- iPhone
- lean startup
- Life
- Long Tail
- Macromedia Flash
- marketing
- Metcalfe's Law
- Microsoft
- Microsoft Office 2007
- MIT 100K
- Mobile
- MySpace
- Nantucket Conference
- network effect
- Office 2007
- OpenOffice
- opensource
- Plinky
- Polaris Venture Partners
- privacy
- Ruby
- Ruby/Rails
- SaaS
- Security
- Shopximity
- Social Advertising
- Social Commerce
- Social computing
- social media
- social networking
- startup anti-patterns
- startups
- Swoop
- technology
- TechStars
- The Long Tail
- Thing Labs
- VC
- Venture Capital
- virtual worlds
- Web 2.0
- Weblogs
- Web Services
- Windows Vista
- WordPress
Oh, how they love taxing the staple essentials and the unstoppable – always having ‘special rates’ and formats (excise, duty, license) for things that people keep on using in good times and bad times. From salt, booze and cigarettes – to fuel/transport and phone calls. None of these things is so heavily taxed to discourage usage, but precisely because usage goes on no matter what.
Speaks tons about the place the Net has taken in our lives 🙂