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So would they tax all the electricity that company uses or just the electricity used for mining? The article isn’t very clear on the specifics.
by lockhouse 3y ago
So would they tax all the electricity that company uses or just the electricity used for mining? The article isn’t very clear on the specifics.
- paxys 3y agoThe company has to declare it themselves. They can lie, but they can also get audited and caught. This is how all taxes work.
- lockhouse 3y agoOh the honor system, we tried that with all the COVID money that we threw around and people bought Corvettes with it. This is just a terrible, unenforceable idea. Say they do get audited, how do you prove how much electricity they used to mine crypto? Unless that company wires a meter directly to the circuit that powers their mining rigs, it will be a total guess.
- Imnimo 3y agoHow do you think any other taxes are enforced?