Tax literacy of Australian small businesses
Article
Article Title | Tax literacy of Australian small businesses |
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ERA Journal ID | 40220 |
Article Category | Article |
Authors | Freudenberg, Brett (Author), Chardon, Toni (Author), Brimble, Mark (Author) and Belle Isle, Melissa (Author) |
Journal Title | Journal of Australian Taxation |
Journal Citation | 18 (2), pp. 21-61 |
Number of Pages | 41 |
Year | 2017 |
ISSN | 1440-0405 |
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. |
Keywords | tax literacy; financial literacy; Australia, small business |
ANZSRC Field of Research 2020 | 480106. Taxation law |
Public Notes | c. CCH Australia 2017. |
Byline Affiliations | Griffith University |
School of Law and Justice | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q4843/tax-literacy-of-australian-small-businesses
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