US Department of the Treasury, He proposed a 30% tax on electricity use by Bitcoin (BTC) and cryptocurrency mining companies.
by the US Department of the Treasury President, published on March 9 Joe Biden’s year 2023 in the budget plan, the impact of cryptocurrency mining activities on the environment negative effects energy consumption costs of companies due to 30% of much tax payments are suggested.
using their own mining devices or from third parties mining devices renter as well as companies generating its own energy Submission of mining companies within the scope of tax drew attention.
Tax rates under the proposal submitted by the US Department of Justice, three years in gradual will increase as first year 10% miners who will be subject to tax, second year 20% and in the following year 30% will be subject to the tax rate. According to the information given, mining companies that produce their own energy, energy type and consumption reporting in their energy cost taking into account on the tax return will be found. If the proposal is approved, the legislation in question 31 December 2023 date following It will take effect in the tax year.
On the other hand, cryptocurrency mining growth together with negative impact of increased energy consumption. environmental to the effects tax to be applied when allocate environmental justice It was suggested that he could. In addition, mining activities variable besides being local public services And communities for various uncertainties And risks within the scope of the tax to be applied when specifying that negativities can be quenched details were given.