Crypto Tax Evasion

Tom Meling, Magne Mogstad and Arnstein Vestre
Additional contact information
Tom Meling: Ohio State U
Arnstein Vestre: U of Chicago

Working Paper Series from Ohio State University, Charles A. Dice Center for Research in Financial Economics

Abstract: We quantify the extent of crypto tax noncompliance and evasion, and assess the efficacy of alternative tax enforcement interventions. The context of the study is Norway. This context allows us to address key measurement challenges by combining de-anonymized crypto trading data with individual tax returns, survey data, and information from tax enforcement interventions. We find that crypto tax noncompliance is pervasive, even among investors trading on exchanges that share identifiable trading data with tax authorities. However, since most crypto investors owe little in crypto-related taxes, enforcement strategies need to be well-targeted or cheap for benefits to outweigh costs.

JEL-codes: G10 G50 H20 H26 (search for similar items in EconPapers)
Date: 2024-08
New Economics Papers: this item is included in nep-iue, nep-pay and nep-pbe
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https://ssrn.com/abstract=4932685

Related works:
Working Paper: Crypto Tax Evasion (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:ohidic:2024-13

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