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|BEIJING Authentic Jordan Weal Jersey , Jan. 1 (Xinhua) -- China started collecting an environment tax on Monday to better protect the environment and cut pollutant discharge, as the country's Environmental Protection Tax Law took effect on Jan. 1, 2018.
The introduction of the tax called an end to the "pollutant discharge fee" which China had been collecting for nearly 40 years.
This is China's first tax clearly designed for environmental protection, which will help establish a "green" financial and taxation system and promote pollution control and treatment of pollutants, said Wang Jinnan Authentic Brian Elliott Jersey , head of the Chinese Academy For Environmental Planning under the Ministry of Environmental Protection.
China had collected a "pollutant discharge fee" since 1979. However, some local governments exploited loopholes and exempted enterprises that were otherwise big contributors to fiscal revenue. For years, regulators had suggested replacing the fee system with a law.
Under the Environmental Protection Tax Law, which targets enterprises and public institutions that discharge listed pollutants directly into the environment, companies will pay taxes for producing noise Authentic Brandon Manning Jersey , air and water pollutants as well as solid waste.
On tax rates, the central authorities will set upper limits and allow local governments to determine the rates on their own.
Individuals do not need to pay the tax as it is applicable only to enterprises, public institutions and other business operators.
The central government will allot revenue from the environmental protection tax to local governments to motivate participation in the fight against pollution.
Up to 50 billion yuan (about 7.68 billion U.S. dollars) could be collected annually from the new tax, according to estimates from analysts.
Tackling pollution has been listed as one of the "three tough battles" that China aims to win in the next three years, according to the Central Economic Work Conference in December.
From January to November Authentic Scott Laughton Jersey , China investigated over 35,600 violations of environmental protection laws and regulations, up more than 102 percent year on year.
BEIJING, Jan. 6 (Xinhua) -- China established an open financial cooperation platform Friday to help revitalize the country's rust belt.
More than 40 financial institutions are involved in the platform, including the China Development Bank and the State Development and Investment Corp. It aims to bridge government agencies Authentic Sean Couturier Jersey , financial institutions and local governments and enterprises in northeast China to help boost the traditional industrial zone.
The rust belt's economy is stabilizing and is ready for investment, said Lin Nianxiu, deputy head with the National Development and Reform Commission (NDRC), adding that the platform should help prevent financial risks and facilitate economic transition.
The region's Heilongjiang, Jilin and Liaoning provinces expanded 6.3 percent Authentic Travis Konecny Jersey , 5.7 percent and 2.5 percent, respectively, in the first three quarters of last year, posting signs of economic recovery.
The platform is open to all financial institutions, according to Zhou Jianping Authentic Ivan Provorov Jersey , a senior NDRC official who oversees the revitalization of traditional industrial bases.
The Importance Of Janitorial Services Jacksonville NC July 22, 2017 | Author: Stephen Graham | Posted in Home and Family
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