China Considers Environmental Tax

From Economic Observer Online:

China has edged closer to levying an environmental tax on polluters, but remains divided over how to introduce the tax.

Although the idea of reforming the system by which polluters are taxed was first proposed two years ago, it was fast-tracked in May, along with changes to resource and property tax, by the National Development and Reform Commission in its state-council-approved plan for deepening economic reforms.

Last week the Economic Observer learned that expert opinions based on research conducted into the proposed tax had started to flow through to China’s Ministry of Finance (MOF) and Ministry of Environmental Protection (MOEP).

July 2, 2009, 1:41 AM
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Categories: Economy, Environment