25 Dec '16, 8am

#China to levy new taxes in bid to strengthen pollution fight

BEIJING (Reuters) – China’s largely rubber-stamp parliament passed a law on Sunday (Dec 25) that will levy specific environmental protection taxes on industry for the first time from 2018, as part of a renewed focus on fighting the country’s pollution woes. Anger has risen in the world’s second-largest economy at the government’s repeated failure to tackle land, water and air pollution, with large parts of northern China enveloped in dangerous smog in recent days. “Tax revenue is an important economic means to promote environmental protection,” the Finance Ministry said in a statement. The tax rate will be 1.2 yuan (S$0.25) per unit of atmospheric pollution, 1.4 yuan per unit of water pollution, 5 yuan per tonne of coal waste and 1,000 yuan per tonne of“hazardous waste”. Industrial noise polluters will also be levied 350 yuan per month if they exceed limits by 1-3 decibels...

Full article: http://www.straitstimes.com/asia/east-asia/china-to-levy-...

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