University students and tax literacy: opportunities and lessons for tax teaching

Article

Chardon, Toni, Lee, Chrisann, de Zwaan, Laura and Liu, Yulin. 2016. "University students and tax literacy: opportunities and lessons for tax teaching." Journal of the Australasian Tax Teachers Association. 11 (1), pp. 85-102.
Article Title

University students and tax literacy: opportunities and lessons for tax teaching

ERA Journal ID33540
Article CategoryArticle
AuthorsChardon, Toni (Author), Lee, Chrisann (Author), de Zwaan, Laura (Author) and Liu, Yulin (Author)
Journal TitleJournal of the Australasian Tax Teachers Association
Journal Citation11 (1), pp. 85-102
Number of Pages18
Year2016
PublisherAustralasian Tax Teachers Association
Place of PublicationSydney, Australia
ISSN1832-911X
Web Address (URL)https://www.business.unsw.edu.au/About-Site/Schools-Site/Taxation-Business-Law-Site/Journal%20of%20The%20Australasian%20Tax%20Teachers%20Associati/JATTA-2016-Chardon-Lee-DeZwaan-Liu.pdf
Abstract

Financial literacy is important due to the growing complexity of financial products,increases in life expectancy and reliance on self‐funded retirement support.Previous research has identified that aspects of tax and superannuation form part of overall financial literacy, and that there are gaps in the understanding of some of these concepts which could lead to poor financial decisions. This paper reports on a recent survey of Australian university students and their perceptions of the importance of financial literacy, the extent to which they had been taught financial literacy at school, and their level of understanding of some basic tax and
superannuation concepts. The results of the survey highlight the importance of taxation as a component of financial literacy, opportunities for cross‐disciplinary
tax teaching and insights for tax teaching and advisor training more broadly.

Keywordsfinancial literacy, financial capability, tax literacy, legal education, tax education
ANZSRC Field of Research 2020489999. Other law and legal studies not elsewhere classified
480106. Taxation law
Public Notes

Published version deposited in accordance with the copyright policy of the publisher. Article originally presented at the 28th Australasian Tax Teachers Association Conference: Tax and Time Travel - Looking Backwards and Looking Forwards, Sydney, 20-22 Jan 2016.

Byline AffiliationsSchool of Law and Justice
Queensland University of Technology
Institution of OriginUniversity of Southern Queensland
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