Tax literacy as a way to protect the financial interests of the citizens
Authors
- Smol'yaninova E.N.
- Prosalova V.S.
Abstract
Financial literacy — is one of the conditions of Russia's economic development and reducing the financial and tax risks for citizens. High financial culture, along with the tax culture is a huge advantage for the state and citizens. People can better evaluate the tax risks associated with financial transactions, devastating consumer loans or ill-advised speculation on the exchange. In the long term this will increase confidence in financial institutions and will contribute to the dynamic growth.
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