Beijing will levy a tax on carbon dioxide emissions as part of new fiscal measures aimed at addressing the country’s worsening pollution problem, a senior official at the Ministry of Finance said. Chen Jia, head of the ministry’s tax policy division, wrote in an article published on the ministry’s website that the Central Government should improve its consumption tax regime to help achieve its energy-saving and emission control goals. “We should proactively push forward the reform of taxation related to the environment, such as replacing the existing pollution discharge fee with an environmental protection tax,” he wrote. “Carbon dioxide emissions should be subject to this tax.” Related Article |