Reuters is reporting secondlife’s latest escape the taxman. This time thanks to a US congressional comittee.

Secondlife’s economy is pretty much insignificant in US tax terms however, there is a more serious point. To what extent can you tax virtual economies, and how does this affect the way we interact with them?

I get the feeling that, as social media develops there will be alot more virtual trading going on and it does represent a serious challenge to the established model.