Are Australians under or over confident when it comes to tax literacy, and why does it matter?

Chardon, Toni and Freudenberg, Brett and Brimble, Mark (2016) Are Australians under or over confident when it comes to tax literacy, and why does it matter? eJournal of Tax Research, 14 (3). pp. 650-682. ISSN 1448-2398

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.


Statistics for USQ ePrint 30272
Statistics for this ePrint Item
Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Files associated with this item cannot be displayed due to copyright restrictions.
Faculty / Department / School: Current - Faculty of Business, Education, Law and Arts - School of Law and Justice
Date Deposited: 28 Feb 2017 04:42
Last Modified: 28 Feb 2017 04:42
Uncontrolled Keywords: financial literacy, tax literacy, financial capability, confidence
Fields of Research : 18 Law and Legal Studies > 1801 Law > 180125 Taxation Law
Socio-Economic Objective: C Society > 94 Law, Politics and Community Services > 9404 Justice and the Law > 940499 Justice and the Law not elsewhere classified
URI: http://eprints.usq.edu.au/id/eprint/30272

Actions (login required)

View Item Archive Repository Staff Only