Caixin OnlineBusiness & IndustryTop Stories Industry Cabinet Pledges Tax Change to Cut Coal Reliance
12.02.2013 18:41

Cabinet Pledges Tax Change to Cut Coal Reliance

State Council's new approach would put focus of levies on value instead of volume, raising costs for domestic producers
By intern reporter Zhang Xia

(Beijing) – The State Council recently vowed to change a tax on coal, a move that indicates the leadership wants reduce reliance on the source of energy blamed for fouling the air, especially in northern China.

The cabinet unveiled a document titled an Opinion to Promote the Stable Operation of the Coal Industry on November 28. It says the government will speed up a shift in the coal tax from one focused on volume to one based on value.

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