US Congress Ponders Taxing Virtual Commerce

Ever since the US Congress’ Joint Economic Committee referred the issue of taxation of virtual goods for further study, the community of online publishers, virtual world participants, economists and tax law experts has been anxiously awaiting the release of the Committee’s report. Dan Miller, a senior economist with the JEC told CNET News.com that he expects the report to be issued during the upcoming Congressional recess in August. Read the full story in Finance.