For over 30 years this textbook has been the leader in its field. Now updated annually, the 2016/2017 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 2016 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. This text is updated and revised annually. The Economics of Taxation is suitable for students of all disciplines studying courses in taxation.