Research

Work in Progress

Local Effects of Global Tax Transparency (with Elisa Casi-Eberhard, Rebecca Lester, and Barbara Stage)

Abstract.

We examine the unintended domestic consequences of the Foreign Account Tax Compliance Act (FATCA), a U.S.-led global tax transparency initiative, in the context of a non-haven economy. Drawing on detailed micro-level data on Norwegian Financial Institutions and their customers, we study both compliance costs and behavioral responses following the introduction of Automatic Exchange of Information (AEoI). At the institutional level, FATCA is associated with increases in operating costs for Financial Institutions facing additional reporting requirements, though these do not appear to translate into measurable changes in perfomance measures. At the customer level, U.S. citizens residing in Norway face systematically tighter credit conditions relative to Norwegian residents, pointing to constraints in both debt access and deposit activity.

Do We Speak the Same Language? Tax Lexical Complexity, Compliance and Misperceptions

Who Owns Norway? (with Julie Burn Bjørkheim, Elisa Casi-Eberhard, Barbara Stage and Floris Zoutman)