News Explorer — Harvard Legal Scholar Calls for Taxing the Metaverse

Cointelegraph

Harvard Legal Scholar Calls for Taxing the Metaverse

Harvard legal scholar Christine Kim's research paper, "Taxing the Metaverse," argues that the metaverse should be taxed and treated as a laboratory for policy experimentation. Kim states that economic activity within the metaverse meets the definitions of income and excluding it from taxation would create a tax haven. She suggests taxing gains immediately, including unrealized gains, and proposes two methods for enforcing tax law in the metaverse.