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Old 02-27-2008, 23:57   #1
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MIndark the JEC,IRS,CIA and you?

Quote:
Originally Posted by Marco|MindArk
I apologize for the delay in response, I just got back from a trip to Washington DC, where I had meetings with the Joint Economic Committee, the IRS, Treasury and CIA. That took a lot of time, but in the mean time MA has added a new Web Mistress and the Blog project is moving along quickly. Terpin and MindArk will announce something later this week.



what steps are MA taking to protect the freedoms of the citizens of entropia with regards to the demands from the IRS the CIA and the state department?

comments from MA would be appreciated.
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Old 02-28-2008, 00:05   #2
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what does the CIA have with EU?
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Old 02-28-2008, 00:11   #3
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steps like maybe not being in the US? informal chats, exchange of information about whats going on in the MMO world as it relates to crime and fraud protection.
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Old 02-28-2008, 00:29   #4
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Quote:
Originally Posted by junkyard View Post
what does the CIA have with EU?
well, lots of money can be moved through EU. Guess maybe that interests them.
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Old 02-28-2008, 05:14   #5
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Lots of money can be moved in... But getting it out can potentially take a while...
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Old 02-28-2008, 05:29   #6
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IRS = still trying to figure out a way to tax MMO avatar earnings

CIA = someone in the intelligence community suddenly realized that bad guy A from country B can talk to eveil overlord C from province D, generally undetected other than logs captured by MMO EU

Here's a link for when the paranoia sets in ...
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Old 02-28-2008, 05:30   #7
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Quote:
Originally Posted by NightwolfAA2k5 View Post
Lots of money can be moved in... But getting it out can potentially take a while...
Hmm it just occurred to me that MA might actually request background checks on parties requesting funds withdrawn (further explaining a 30 day+ turnaround). Interesting.
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Old 02-28-2008, 06:04   #8
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Earnings
Quote:
Originally Posted by SeamusO View Post
IRS = still trying to figure out a way to tax MMO avatar earnings
(a) General definition
Except as otherwise provided in this subtitle, gross income means all income from whatever source derived

Earnings should be being reported anyway. If you make a substantial profit and withdraw and then get audited good luck explaining why you didn't report it.... though I doubt many people do this other than those who make quite a bit on EU

Last edited by GBE; 02-28-2008 at 06:10.
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Old 02-28-2008, 06:18   #9
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Even if you make some money in entropia, isn´t it gambling they wanna look into? Not all profits are from the "gambling" side of the game.

Lets say you bought a stamp some years ago and then sell it and make a profit for it do you in the US need to report that income?
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Old 02-28-2008, 06:26   #10
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Very intresting, I want to hear more
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