Tax in the Metaverse: EU Perspective
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RIS BIB ENDNOTETax in the Metaverse: EU Perspective
Publication date: 22.01.2024
Financial Law Review, 2023, Issue 32 (4)/2023, pp. 12-30
https://doi.org/10.4467/22996834FLR.23.016.19172Authors
Tax in the Metaverse: EU Perspective
The metaverse's rising prominence spans diverse sectors, presenting new economic opportunities. However, it also challenges tax policies and enforcement. This article examines the metaverse's taxation complexities and proposes EU legal solutions and seeks to confirm the hypothesis that the existing EU tax law is sufficient to address tax evasion in the metaverse, as it provides comprehensive provisions that can be effectively applied to virtual transactions. A mixed-method approach has been utilised for this paper, combining a literature review and analysis of EU laws to understand taxable activities in the metaverse. Analogies were frequently employed to elucidate virtual and real-world asset differences. While the literature tends to be somewhat outdated, it provides good theoretical insights. However, these insights must be critically considered due to rapid technological changes over the past decade, serving as guiding principles rather than rigid policy directives.
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Information: Financial Law Review, 2023, Issue 32 (4)/2023, pp. 12-30
Article type: Original article
Department on Financial Law and National Economics, Faculty of Law, Masaryk University
Published at: 22.01.2024
Received at: 02.04.2024
Accepted at: 07.11.2023
Article status: Open
Licence: CC BY-NC-ND
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English