Green tax mulled to help fight pollution

By Indo Asian News Service | Sunday, March 24, 2013 | 3:22:19 PM IST (+05:30 GMT) Comment 0 Comment

Beijing, March 24 (IANS) China is considering levying a consumption tax on some products that make heavy use of resources and cause pollution.

Beijing, March 24 (IANS) China is considering levying a consumption tax on some products that make heavy use of resources and cause pollution.

This is aimed at promoting resource and environmental protection awareness, China Daily said Sunday.

The plan was mentioned in a document compiled by the ministry of finance and the budget committee of the Standing Committee of the National People's Congress, the country's top legislature.

The committee is studying the inclusion of products with high resource consumption, those causing environmental pollution, and some high-end consumer goods in items subject to consumption tax.

It also says it is considering adjusting the tax rate on some consumer products that are "incompatible with the country's consumption level".

Fourteen items are currently subject to consumption tax including cigarettes, alcohol, cosmetics, expensive jewelry, pearls and jade, firecrackers, motorcycles and automobiles.

Do you like this article?

Copyright  Indo-Asian News Service

User Rating  Rating(0 Votes)

Views  44

Readers Feedback & Discussion

Join India Forums for free to comment on this story. Have an account already? Login to comment.

News Asia Articles Index

  

Articles in Asia

Art - Culture Business Diaspora
Education Health Politics
Religion Sports Sci-Tech
Travel

AROUND THE WORLD NOW

Asia America Australia
Africa Europe Gulf-Middle East
Pakistan Nepal Bhutan
Sri Lanka Bangladesh Maldives

Disclaimer: All Logos and Pictures of various Channels, Shows, Artistes, Media Houses, Companies, Brands etc. belong to their respective owners, and are used to merely visually identify the Channels, Shows, Companies, Brands, etc. to the viewer. Incase of any issue please contact the webmaster.