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Crypto Tax Evasion

Author

Listed:
  • Tom G. Meling
  • Magne Mogstad
  • Arnstein Vestre

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.

Suggested Citation

  • Tom G. Meling & Magne Mogstad & Arnstein Vestre, 2024. "Crypto Tax Evasion," NBER Working Papers 32865, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:32865
    Note: PE
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    Other versions of this item:

    • Meling, Tom & Mogstad, Magne & Vestre, Arnstein, 2024. "Crypto Tax Evasion," Working Paper Series 2024-13, Ohio State University, Charles A. Dice Center for Research in Financial Economics.

    More about this item

    JEL classification:

    • G5 - Financial Economics - - Household Finance
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue

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