For over 30 years this textbook has been the leader in its field.Now updated annually, the 2008/2009 edition of this book continues to provide a clear and authoritative introduction to the economic theory of taxation and to its practical operations in the UK. Part 1 of the text examines the principles of taxation, whilst Part 2 gives a broad-based description and evaluation of the policy and practice of the UK’s tax system, highlighting international comparisons. Features - Revised to include the 2008 Budget and Finance Act, numerical examples and illustrations integrated throughout the text, chapter-by-chapter self assessment and discussion questions, with suggested answers to the self assessment questions at the end of the text. The Economics of Taxation is suitable for undergraduates of all disciplines studying courses in taxation.