Jump to content

Count Burks

Resident
 View Profile  See their activity

  • Posts

    4,870

  • Joined

  • Last visited

 Content Type 

Everything posted by Count Burks

  1. Count Burks
    Customer A is a citizen of the UK and subject to 20% VAT Customer B is a citizen of the UK and subject to 20% VAT Customer A and Customer B both own a private region in Second Life Customer A uses his region for his personal home for him and his partner and pays 209 + 20% VAT or 41.8 US$ Per month or 501.6 US$ annually in tax. Customer B on the other hand uses his region for his club, he rents out shops and also does live singing in his club gathering more than enough income to pay his tier. Customer B can now just sell his Linden Dollar income to pay for his tier and only pays 209 USD and not a single amount of tax or VAT on his region. Customer B is not declaring income and revenue he generates from his activities, he is not a VAT registered business either. And more importantly the TAX office is not getting their 501.6 US$ per year from Customer B. This is how income is not being declared and how virtual currency which has no RL value is being used to circumvent payment of VAT or GST. Like I mentioned above in my first post. Others are required to be a VAT registered business and be compliant. Linden Lab is asking for your VAT number. Linden Lab is also asking you to identify yourself as the owner of your business. But now a magical wormhole is discovered where certain people such as creators or store owners or mini rental infrastructures are exempt from paying VAT on their region.
  2. Count Burks
    The entire situation is pretty disgusting. First asking for 600 US$ to buy down a region to then do the same for the rest of your regions without asking for anything. The ones that paid get screwed over without seeing anything for their money. But educators on the other hand continue to get their 50% reduction in tier. For the educators it is all possible but for the ones that pay large sums of money nothing is possible.
  3. Count Burks
    Island available. IM Count Burks directly in world today.
  4. Count Burks
    Island available. IM Count Burks directly in world today.
  5. Count Burks
    That is the whole point of this thread. The VAT or GST is vanishing in thin air by the use of the Linden Dollar for some people but not for others.
  6. Count Burks
    What a weird logic, Linden Lab takes their own property for payment which are Linden Dollars and what do you think they will do with these Linden Dollars? They will keep them under their mattress? They will just convert these Linden Dollars into USD$. Let me show you the magic wormhole and how VAT vanishes into thin air. Customer A owns a full region pays 209 US$ + 21% VAT Customer B owns a full region pays 209 US$ in Linden Dollars. The tax office receives 43.89 USD per month or 526.68 USD on an annual basis from customer A Customer B on the other hand is Premium + and pays no VAT because he can pay in fake currency for his region which is magically exempt from VAT. Premium + costs 249 USD annual with 11 USD per month stipend or 132 USD cash back per year, net cost of 117 USD. The magical tax wormhole works like this: For a small investment of 117 USD you can dodge 526.68 USD in sales tax (even more if you are in a country like Sweden). And all of this is possible thanks to the deployment of a fake currency which has no actual RL value? You know what such a scheme is called right? Linden Lab is not giving anything away in this case, they use a virtual currency which has been declared for the previous 20 years as a currency without any RL value as an instrument to circumvent VAT and GST tax.
  7. Count Burks
    This is not a product being offered as a "titanium premium subscription model" including free region or server space to every customer of the platform. This is about using deceptive tactics using a fake currency so certain customers can avoid paying VAT or GST while other customers cannot or are not allowed to use their fake currency according to this scheme. If free server space gets offered in a "Titanium premium" package it is offered to all customers on an equal basis, if a person wants it he can get it. This latest scheme is nothing of the kind. Why should the tax office receive 500 USD per year from Linden Lab customer 1 but not from Linden Lab customer 2? Has Linden Lab discovered a magical wormhole where the VAT just vanishes for certain customers while the wormhole stays closed for other customers? How is that working with invoicing? Client 1 books an invoice with VAT while client 2 books an invoice without VAT?
  8. Count Burks
    No because according to your logic webhosting services offering web space would have no intrinsic value and not be subject to VAT. Linden Lab is selling server space and software infrastructure which does have intrinsic value and is subject to VAT. This is about creating a manipulative shift using a fake currency so no VAT is getting charged to certain customers while others are being forced to pay VAT for the exact same product. And other people not being allowed to use their fake currency to pay for the exact same product, hence being forced to pay VAT and GST. Like I wrote above it is a "magical hocus pocus" scheme and I strongly doubt the legality of it.
  9. Count Burks
    VAT = VALUE ADDED TAX Tax added to the VALUE OF A PRIVATE REGION that is where the tax is located on the value of a private region. In this scheme the VALUE ADDED TAX goes up into nothing and doesn't exist according to Linden Lab because a fake virtual currency is being used to pay for the region. A currency that has no real value according to Linden Lab is being used so no VAT or GST is getting charged. This has nothing to do with pulling income out, no tax is being charged to one user while another user needs to pay tax for the same product. And the tax office is not getting their VAT because a fake currency that has no value is being used to circumvent the payment of the VAT. This comes from the Second Life wiki What are the items for which Linden Lab charges VAT or GST? Most services that you pay Linden Lab directly for have VAT or GST applied. This includes: Monthly & Quarterly Premium membership fees Purchases from the Land Store Mainland Land use fees (tier) Private Region maintenance fees Land auctions LindeX transaction fees What are the items for which Linden Lab doesn't charge VAT or GST? Transactions in L$ between individual Residents, that do not involve Linden Lab as a direct party, are not subject to VAT or GST. Person 1 is a merchant with a private region, he uses his L$ income to pay for his region and pays no VAT for the year. Person 2 is a land trader with 10 private regions, he cannot use his L$ income to pay for the same region products and needs to pay 5000 USD in VAT or GST for the year.
  10. Count Burks
    How can a company charge VAT, which they are legally obligated to do so to its customers while using their fake game currency which has no actual real value (according to this same company) to circumvent its legal obligations of charging VAT for other customers? We are not even speaking about different product types here. Company sells PRODUCT 1 on which they need to charge 21% VAT. Customer A can use fake game currency to pay for PRODUCT 1 without being required to pay 21% VAT. Customer B on the other hand has 5 times PRODUCT 1 with the company but is forced to pay 21% VAT when paying in legal tender using USD$. How are the IRS and the EU VAT office ok with this type of " scheme " where virtual tokens that have no value are being used to circumvent tax laws? For example: Customer A located in the Netherlands has a region for their RL company business used for simulation training. They pay in USD and also pay 21% tax every month. Customer B located in the Netherlands is a creator who is selling skins. He uses his L$ income to pay for his region and is not paying 21% tax every month. When the VAT tax office gets to hear they are not receiving 500 USD$ in tax from Customer B on a yearly basis (40$ VAT per month on a region x 12 months) because he uses a fake currency with tokens that have no actual value. How exactly will the tax office be ok with this? Can you explain this Linden Lab because your latest scheme seems far from transparent? @Linden Lab Why do European business customers in Second Life need to be compliant with tax laws, have accountants, pay all kinds of fees while your company suddenly comes up with these "magical hocus pocus" tax avoiding schemes where it is no longer needed to pay VAT on private regions?
  11. Count Burks
    Beautiful corner island available. IM Count Burks directly in world today.
  12. Count Burks
    Dear Resident, Available for rent is a tropical beach location on a calm residential island without any lag. This tropical beach island comes with 1250 prims to build and a size of 16384 meters with full terraforming capabilities and beautiful views on the ocean. This luxurious island location is ideal for those who are looking to have their privacy in world. This beach area is surrounded by mountain landscapes so that non of your neighbors or their builds are visible. You will be able to enjoy stunning visuals and scenery as you design your very own island. This pristine beach will provide you with a calm environment to have your home in Second Life virtual world. The island is located on the Dreamworld islands in Second Life which is a high quality group of islands founded by Count Burks Estates and providing a home for many Second Life residents for years. To visit the island do click the Teleport link: CLICK HERE TO TELEPORT You can also visit Count Burks on the Second Life Marketplace for more land parcels: VISIT MARKETPLACE The rent for the island can be paid per week or per month as you desire to the tier meter which is located in the corner of the island. The rent for this super property is extremely affordable. The tier details for this island are displayed on the land itself. When you have any questions IM Count Burks directly in world. I am looking forward to meet you in world. Count Burks Count Burks Estates - Excellent Land For A Modest Price https://www.countburks.com
  13. Count Burks
    Dear Resident, Available for rent is a large terrain that is half of a sim in size which is 32768 MΒ². This property is located on a fast Class 8 sim that has plenty of resources available. The island will provide you with a land impact capacity of 10000 prims to build on. The surface of the terrain is 128 by 256 meters large in size. This particular property comes with unspoiled ocean front views with Sunset and Sunrise as you desire. The island is suitable for Residential usage. If you have breedable animals, you are also welcome. You can also have a custom terrain texture for your land on this particular property. You can IM Count Burks directly in world with all your questions that you might have and to speak about your particular requirements in terms of buildings and structures that you would like to place on your land. You can directly teleport to the island by clicking on the link below.ο»Ώ CLICK HERE TO TELEPORT Do not hesitate to IM Count Burks directly in world. Count Burks Count Burks Estates - Excellent Land For A Modest Price https://www.countburks.com
  14. Count Burks
    Beautiful island available. IM Count Burks directly in world today.
  15. Count Burks
    Island available. IM Count Burks directly in world today.
  16. Count Burks
    Gorgeous corner island available. IM Count Burks directly in world today.
  17. Count Burks
    This beautiful island did sell. When you would like to have a beautiful island for your home or business IM Count Burks directly in world today. Also keep an eye on these forums for more land listings by Count Burks Estates in the near future. Count Burks Count Burks Estates - Excellent Land For A Modest Price https://www.countburks.com
  18. Count Burks
    Dear Resident, Available for rent is a green garden location on a higher performance commercial sim. This beautiful grass terrain comes with 1250 prims to build and a size of 4096 meters or 2500 prims with a size of 8192 meters. The land comes with full terraforming capabilities and beautiful views on the ocean. This commercial corner island location is ideal for those who are looking for a place to have their club or store. This is a beautiful corner island that comes with Sunrise views and makes it a desirable location to establish a commercial business. You will be able to enjoy stunning visuals and scenery as you design your very own island. This pristine beach will provide you with a calm environment to have your home in Second Life virtual world. The island is located on the Dreamworld islands in Second Life which is a high-quality group of islands founded by Count Burks Estates and providing a home for many Second Life residents for years. To visit the island do click the Teleport link: CLICK HERE TO TELEPORT You can also visit Count Burks on the Second Life Marketplace for more land parcels: VISIT MARKETPLACE The rent for the island can be paid per week or per month as you desire to the tier meter which is located in the corner of the island. The rent for this super property is extremely affordable. The tier details for this island are displayed on the land itself. When you have any questions IM Count Burks directly in world. I am looking forward to meeting you in world. Count Burks Count Burks Estates - Excellent Land For A Modest Price https://www.countburks.com
  19. Count Burks
    Island available. IM Count Burks directly in world today.
  20. Count Burks
    Beautiful island available. IM Count Burks directly in world today.
  21. Count Burks
    Island available. IM Count Burks directly in world today.
  22. Count Burks
    This beautiful island did sell. When you would like to have a beautiful island for your home or business IM Count Burks directly in world today. Also keep an eye on these forums for more land listings by Count Burks Estates in the near future. Count Burks Count Burks Estates - Excellent Land For A Modest Price https://www.countburks.com
  23. Count Burks
    Beautiful island available. IM Count Burks directly in world today.
  24. Count Burks
    A new Homesteο»Ώad island is available for rent. Today you can become the Owner of your very own private island with 5000 prims and full terraforming abilities. This island comes included with the option to have custom terrain textures and the ability to choose your own rating for your island (PG-Moderate-Adult). ο»Ώ This Homestead island will give you Estate Manager rights and places you in full control over your own sim which does have a completely secluded location within the Dreamworld islands in Second Life. What you see in these images are actual screenshots taken on the property of several Residents who live on the Dreamworld islands at Count Burks Estates. These are not special scenes or enhanced visuals but actual environments people live in at Dreamworld where Count Burks assists if needed to accomplish these landscapes and environments. Should you be wondering and asking yourself the question "Do people build that?", the answer is Yes. People are able to build this and so can you. Count Burks can assist you to accomplish surroundings and environments like you are seeing in these images for your home or business. When you are looking at land for rent in Second Life do visit this beautiful Homestead island today. Count Burks does strive to bring Residents of Second Life the best possible experience to maintain their home or business in world for many years. Discover today what it is like to build your own paradise house, store or business and find out what it is like to have a quality location to live. Island Specifics - 5000 Prims - Estate Manager Rights - Custom Terrain Textures - Full Terraforming - Rating PG - Moderate - Mature - Adult - Service 7 days per week/ 365 days/year - Land Expert Providing Personal Assistance - Restart Sim When You Wish - No restrictions in terms of zoning or builds - Possible to lock island for your Privacy - No neighbors - Receive support in your native language NL/FR/EN/DE etc.... - Custom Windlight Settings Possible For Both Sky And Ocean Next to full Homestead islands such as this Count Burks Estates does offer a wide range of land types to its Residents, ranging from a tropical beach island; garden land; desert environments; forest land you will be able to find an ideal location matching your budget and expectations. Contact me in world today to learn more how you can have an attractive location to live in Second Life IM Count Burks in world today and we will look to find you a home you can enjoy! CLICK HERE TO TELEPORT TO THE ISLAND Do you need another size than a full Homestead Island? Bigger and smaller island sizes are available. You can browse the Marketplace store of Count Burks Estates to find the land size you need for your home or business. CLICK HERE TO VISIT THE STORE Count Burks Count Burks Estates - Excellent Land For A Modest Price https://www.countburks.com * Images in posting are actual screenshots of the island and do reflect the islands in a realistic manner.
  25. Count Burks
    Island available. IM Count Burks directly in world today.
×
×
  • Create New...