In Episode 162 of My Metaverse Minute, Kieron reports on the tax that the European Union (EU) is implementing in an effort to further develop a strong infrastructure that companies working within the Metaverse will want access to.
This episode of My Metaverse Minute is sponsored by Community Summit North America, the largest independent gathering of the Microsoft Business Applications ecosystem taking place October 10-13 at the Gaylord Palms in Orlando, Florida. With 500+ Dynamics 365 & Power Platform sessions and more than 300 speakers, this event is a must-attend for Microsoft customers. Visit summitna.com for more details.
Highlights
00:15 — This episode is sponsored by Community Summit North America, which will take place October 10-13 in Orlando, Florida.
00:44 — EU Commissioner for the Internal Market Thierry Breton has announced plans that include infrastructure taxes for large tech companies working within the Metaverse.
01:19 — The infrastructure involves things like 5G, high capacity, internet, high speed, and high bandwidth — it’s super fast internet speeds and low latency, which companies operating in the Metaverse will need. If companies want access to this infrastructure within the EU they will have to pay a larger tax to support the development of this infrastructure.
01:58 — Kieron believes this is fair, as the alternative would be for individual tech companies to build the infrastructure themselves.
02:28 — If the Metaverse is going to be a global effort, these types of forward-thinking efforts are great steps.
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