Volume Seventy-Six: Virtual World Inheritance Tax and Cross-Dimensional Economic Governance Chapters 406-410
Chapter 406: The Passing of the 'Landlord' of the Metaverse
A wealthy individual who owned substantial virtual real estate and digital art collections across multiple metaverse platforms has passed away. A fierce inheritance battle erupted between his biological children and his 'digital partner' whom he met in the virtual world, along with his 'avatar friend' from their joint venture. The valuation of virtual assets and the rights of inheritance remain a legal void in reality.
Chapter 407: Identification and Taxation of Virtual Assets
I collaborate with multiple governments to promote the legislation of the 'Virtual Asset Identification Law', clarifying the legal attributes of virtual items, identities, and land. Simultaneously, I am introducing a 'virtual world inheritance tax'—taxing the value of inherited virtual assets, with rates referencing physical inheritance. This has sparked strong protests from residents of the virtual world, who view it as 'the real government colonizing the digital frontier.'