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Home » How a Norwegian Government Agency and Ernst & Young Will Help Digital Natives With Their Taxes in the Metaverse
My Metaverse Minute

How a Norwegian Government Agency and Ernst & Young Will Help Digital Natives With Their Taxes in the Metaverse

Kieron AllenBy Kieron AllenNovember 1, 20222 Mins Read
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Acceleration Economy Metaverse

In Episode 192 of My Metaverse Minute, Kieron details how a Norwegian government agency is entering the Metaverse to assist digital natives with their tax responsibilities.

Highlights

00:13 — The Brønnøysund Register Center, a Norwegian government agency, has partnered with Ernst & Young, an accounting firm, to enter the Metaverse. The partnership will launch a virtual office location in the Metaverse.

00:31 — Currently, the Brønnøysund Register Center is responsible for managing public registers and digital exchanges. In the Metaverse, the agency has said it wants to target its efforts to digital natives and assist them in their tax responsibilities.

01:13 — This partnership is directed at younger populations, who are the largest demographic of Metaverse users. Aside from helping this targeted group, it enables Norway’s government agency to demonstrate to users who use cryptocurrency and other digital tokens how to take these digital assets through the tax system. The agency also offers advice on how digital finance can create strong businesses.

02:34 — Few government agencies, if any, have demonstrated this “two-way street approach” in their Metaverse activities. Kieron says, “at the moment, it is absolutely essential.” The Brønnøysund Register Centre’s involvements in the Metaverse create a transactional relationship between the agency and other Metaverse users. The transactional relationship will be an interesting model to replicate in the future of the Metaverse.


My Metaverse Minute

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Analystuser

Kieron Allen

Cloud, AI, Innovation
Cloud Wars analyst

Areas of Expertise
  • Business Apps
  • Cloud
  • Cybersecurity
  • Data
  • LinkedIn

Kieron Allen is a Cloud Wars Analyst examining innovations in, and the future impact of, the latest AI, cloud, cybersecurity, and data technology developments. In his ongoing analyses and video reports, Allen focuses on the platforms, applications, people, and ideas that will mold our digital future. After serving as the Online Editor for BBC Sky at Night Magazine and as the Editorial Assistant for BBC Focus Magazine, Kieron became a freelance journalist in 2015 where his focus on the business technology market became a key passion. Kieron partners with technology start-ups and organizations that share his interests in science, social affairs, non-profit work, fashion and the arts.

  Contact Kieron Allen ...

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