China Pollution Tax Plan Submitted to Cabinet, Daily Reports
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China’s tax department has proposed a pollution levy to the cabinet, a move that may increase raw-material prices, the Economic Information Daily reported, citing an unidentified government official.
The plan covers discharge of sulfur dioxide and waste water and excludes carbon emissions, the newspaper, an affiliate of the official Xinhua News Agency, said today, without specifying the rates. The proposal is aimed at a "smooth transition" from a discharge fee that’s currently used, according to the report.