Lawmaker opposes taxing online virtual economies

An in game screen capture of Linden Lab's online world Second Life is seen in an undated publicity image. The Republican head of a U.S. congressional committee said it would be a mistake if the Internal Revenue Service.

From Yahoo:

LONDON (Reuters) - The Republican head of a U.S. congressional committee said it would be a mistake if the Internal Revenue Service introduced regulations to tax virtual economies such as Second Life and World of Warcraft.