Submission + - Second Life charges EU residents with VAT (secondlife.com)
ServMe Nakamura writes: "Last night Second Life creators Linden Lab sent out a mail to all European residents they believe would be affected by their new policy to comply with EU Tax regulations. According to a blog post VAT will be charges on account fees, land store purchases, auctions and tiers. Resident to resident transfers in L$ are — according to LL posted information — exempt from taxation.
A lot of residents are surprised by this new policy effective immediately, although the law itself was announced in 2003 and into effect since July 2007. Do you think that an electronic service paid for in foreign currency and delivered from out of the EU be taxed according to EU regulations? If so, should the much stricter EU privacy laws also be enforced, as well as the often more lenient laws in regard to online gambling? Is Linden Lab sticking it's head into a beehive?"