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by joejerryronnie 2862 days ago
We should be taxing cryptocurrency mining as well.
1 comments

We do..?
How so?
In the EU it is taxed through VAT on electricity.
Is this a general VAT on electricity or is it an additional fee specifically on mining crypto?

Based on the original comment of "I hope more will push for taxes on all things we want to discourage", my position is that crypto mining should be charged an additional fee for using huge amounts of electricity and negatively impacting the environment for speculative financing activities. Anyone who's concerned about the environmental impact of single occupancy vehicles or raising cattle should be horrified with the amount of energy consumed in mining crypto.

Income tax?