Cryptocurrency and the Foreign Account Tax Compliance Act An empirical study on cryptocurrency as a method for tax evasion

dc.contributor.advisor	Casi-Eberhard, Elisa
dc.contributor.author	Liltved, Adrian
dc.contributor.author	Vattøy, Magnus
dc.date.accessioned	2022-08-30T10:10:17Z
dc.date.available	2022-08-30T10:10:17Z
dc.date.issued	2022
dc.identifier.uri	https://hdl.handle.net/11250/3014312
dc.description.abstract	The Foreign Account Compliance Act (FATCA) was passed into law in 2010, the objective was to reduce offshore tax evasion. We examine one avenue left open for U.S. based taxpayers, namely cryptocurrencies. We study the short-term effect of FATCA on bitcoin trading volume, making use of available trading data between different fiat currencies to bitcoin. We document a statistically significant increase in bitcoin trading volume with British pound after the endorsement of FATCA. We argue that this is indirect evidence showing U.S. based taxpayers avoiding the information exchange under FATCA.	en_US
dc.language.iso	eng	en_US
dc.title	Cryptocurrency and the Foreign Account Tax Compliance Act An empirical study on cryptocurrency as a method for tax evasion	en_US
dc.type	Master thesis	en_US
dc.description.localcode	nhhmas	en_US