Are Australians under or over confident when it comes to tax literacy, and why does it matter?
Article
Article Title | Are Australians under or over confident when it comes to tax literacy, and why does it matter? |
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ERA Journal ID | 17101 |
Article Category | Article |
Authors | Chardon, Toni (Author), Freudenberg, Brett (Author) and Brimble, Mark (Author) |
Journal Title | eJournal of Tax Research |
Journal Citation | 14 (3), pp. 650-682 |
Number of Pages | 33 |
Year | 2016 |
Place of Publication | Australia |
ISSN | 1448-2398 |
Web Address (URL) | https://www.business.unsw.edu.au/research/research-journals/atax-journal |
Abstract | The concept of financial literacy and capability is seen as important in modern economies. An important part of financial capability is a person’s confidence in dealing with financial decisions. It has been argued that financial literacy should be extended to include knowledge and understanding of the tax system, given it can influence investment strategies and wealth outcomes. We examine how Australians’ confidence relates to their tax literacy. The findings suggest that lower confidence is more likely to relate to certain demographics. However, unlike other financial literacy measures, it appears that peoples’ tax confidence is more aligned to their actual understanding. |
Keywords | financial literacy, tax literacy, financial capability, confidence |
ANZSRC Field of Research 2020 | 480106. Taxation law |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | School of Law and Justice |
Griffith University | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q3vw9/are-australians-under-or-over-confident-when-it-comes-to-tax-literacy-and-why-does-it-matter
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