Cryptocurrency Tax Evasion Prevalent in Norway, NBER Report Reveals

According to Odaily, a recent report by the National Bureau of Economic Research (NBER) has highlighted the widespread issue of cryptocurrency tax evasion in Norway. The study, which analyzed tax filings, cryptocurrency exchange data, and survey responses, found that approximately 88% of Norwegian cryptocurrency holders have not reported their assets to tax authorities. This evasion behavior is prevalent among about 6% of the Norwegian population, with a significant concentration among young, male, and urban residents. The individual amounts of tax evasion range between $200 and $1,087.