Tax literacy of Australian small businesses

Article

Freudenberg, Brett, Chardon, Toni, Brimble, Mark and Belle Isle, Melissa. 2017. "Tax literacy of Australian small businesses." Journal of Australian Taxation. 18 (2), pp. 21-61.
Article Title

Tax literacy of Australian small businesses

ERA Journal ID40220
Article CategoryArticle
AuthorsFreudenberg, Brett (Author), Chardon, Toni (Author), Brimble, Mark (Author) and Belle Isle, Melissa (Author)
Journal TitleJournal of Australian Taxation
Journal Citation18 (2), pp. 21-61
Number of Pages41
Year2017
ISSN1440-0405
Web Address (URL)https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3090125
Abstract

Small businesses are a critical component of economies, although they face a myriad of issues, including their literacy in relation to a number of key business issues. In recent years tax literacy has been argued as an important part of financial literacy. Research has demonstrated that a person’s tax literacy is likely to be greater when they are self-employed and operate their own businesses. However, whether this increased tax literacy is sufficient to address the labyrinth of issues faced when running a business is questionable. This article reports further evidence about the tax literacy of Australians who have conducted a business in relation to GST, deductions and their compliance attitude. These findings can build the foundation for future work to explore how tax literacy is an important component of financial literacy for small businesses.

Keywordstax literacy; financial literacy; Australia, small business
ANZSRC Field of Research 2020480106. Taxation law
Public Notes

c. CCH Australia 2017.

Byline AffiliationsGriffith University
School of Law and Justice
Institution of OriginUniversity of Southern Queensland
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