Paul L. Caron

Thursday, February 21, 2013

Camp Presents The Taxation of Electronic Gaming Today at Indiana

CampBryan Camp (Texas Tech) presents The Play’s the Thing II: The Taxation of Electronic Gaming at Indiana today as part of its Tax Policy Colloquium hosted by Leandra Lederman:

This article proceeds as follows. Part I describes the world of electronic gaming, which encompasses not only casual gaming on the internet but also electronic gaming in casinos. Part II reviews the foundational concept of “gross income” to show how current legal doctrine is influenced by both economic theory and the need for practical accounting. Part III looks at the unsettled nature of current tax treatment of redeemable game credits and critiques the current thinking expressed by the IRS, courts and commentators. Part IV then defends the idea that gains received from electronic gaming should properly be accounted for and taxed only when actually redeemed for cash or cash-equivalent.

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