See, this is why it pays to be greedy in the realm of MMOs. I ask for nothing, I give nothing - I'm purely 100% selfish. Still, I don't have to risk tasting the wrath of a government, hell bent on taxing me for items in a game. First it's South Korea, but could other places be next?

From the article:

In an effort to make every one of William Gibson's predictions come true, South Korea has instituted a tax on the sale of virtual goods. Companies like IGE have managed to promote virtual item and currency sales into a cottage industry with annual profits on par with many small countries, and many industry experts saw government sponspored taxation on such sales as an inevitability. The only question that remains now is how long it will be before the IRS creates its own Americanized version of this tax.

Read the full article over at destructoid.com