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
-
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
- To become the market leader in a huge market, first become the market leader in a (ideally fast-growing) niche market. 2 months ago
- I keep talking to startups that claim to be the leaders in large markets while having less than 1% market share. By… twitter.com/i/web/status/1… 2 months ago
- There is no market leadership without market share leadership. 2 months ago
- Be selfish: help the climate. fool.com/the-ascent/cre… 3 months ago
- Great thing for #EVQLV evqlv.com twitter.com/philipcball/st… 4 months 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 🙂