Environmental Protection Tax Law Promotes The Survival Of The Fittest In Environmental Protection Enterprises

In accordance with the 2016 legislative work plan promulgated by the Standing Committee of the National People's Congress,

The plan will be deliberated in June this year.

The draft has been solicited publicly from the public. The State Administration of Taxation and the Environmental Protection Office of the Ministry of finance are collecting and sorting out the opinions. The first draft of the draft trial is going to be completed this year, and the application of the tax law will be well done.

According to the insiders, the green tax is coming. With the introduction of the green tax, it will play a significant role in promoting the whole industry. On the one hand, it will benefit the survival of the fittest in the upstream industry, speed up the exit of the zombie enterprises, and optimize the allocation of resources. On the other hand, with the promotion of environmental protection in the whole society, the willingness of enterprises to reduce emissions will be strengthened, and the investment in environmental protection will accelerate.

"To make the environment

It can play a more effective role in promoting energy conservation and emission reduction, and make the design of environmental protection tax more smoothly link with other reform agenda and policy tools. We should comply with the direction and deployment of general fiscal reform and accelerate legislation and levy environmental protection tax as early as possible.

Jia Kang, director of the Institute of Fiscal Science of the former Ministry of finance, said.

According to the draft environmental protection tax law (Draft for comment) published by the Legislative Affairs Office of the State Council in June 2015.

The object of environmental tax collection is divided into four categories: air pollution, water pollution, solid waste and ultrasound.

The key monitoring (sewage) taxpayers refer to the key monitoring enterprises in the key industries such as thermal power, steel, cement, electrolytic aluminum, coal, metallurgy, building materials, mining, chemical, petrochemical, pharmaceutical, light industry (brewing, paper making, fermentation, sugar processing, vegetable oil processing), textile, leather making and other key polluting industries.

In the draft, not only two cases of double levying environmental protection tax were proposed, but also the situation of exemption from environmental protection tax, such as agricultural production (excluding large-scale aquaculture) emissions.

The discharge of pollutants from motor vehicles, railway locomotives, non road mobile machinery, ships and aircraft, etc.; and discharge of pollutants from urban sewage treatment plants and municipal solid waste disposal sites to the environment shall not exceed the emission standards prescribed by the state.

But for the exemption link, the market is still controversial.

Jia Kang has pointed out that it is not recommended that environmental protection taxes be exempted from non scale farming, urban sewage treatment plants and municipal solid waste treatment plants.

He believes that in 2013, urban sewage accounted for nearly 70% of China's total wastewater discharge; from 2014 to 2020, China's urban domestic waste will increase by 31 million 620 thousand tons; in 2014, the contribution of chemical oxygen demand and ammonia nitrogen emissions to agriculture accounted for 48% and 32% of the total.

These three types of pollution sources are very impressive from absolute quantity and relative quantity. It is suggested to abolish the relevant exemption regulations.

According to the agency estimates, in 2013, the total amount of sulfur dioxide, nitrogen oxides, chemical oxygen demand, ammonia nitrogen and other four indicators of the national sewage charge theory should be levied to total 57 billion 500 million yuan; and in 2013, the actual amount of collection is only 21 billion 600 million yuan, only to achieve less than 40% of the total amount of theoretical levy.

After the introduction of the environmental tax law, the levy strength is expected to be substantially strengthened, that is, it is conducive to the implementation of environmental protection policies and standards, and provides a more adequate source of funds for national environmental investment.

With the introduction of the green tax, it will play a significant role in promoting the whole industry.

Societe Generale Securities pointed out that with the implementation of various institutional reforms, such as sewage charges and tax changes, in order to improve profitability, enterprises changed from passive acceptance of environmental regulation to active pursuit of energy conservation and emission reduction. Enterprises' willingness to reduce emissions has been greatly strengthened, and the business mode of environmental protection industry has been straightened out, and environmental investment will accelerate.

Everbright Securities believes that the determination and accurate measurement of pollutant types and emissions are the basis and basis for environmental tax collection.

The introduction of environmental tax will bring huge space improvement to the environmental monitoring industry, including the expansion of pollutants, the upgrading of precision, upgrading and other needs.

In order to avoid selective enforcement by local governments, the third party environmental monitoring will also become a trend of development.

For enterprises, the pformation of environmental service providers from monitoring equipment providers, their data resources will bring great value, and can be naturally combined with the Internet.

Some agencies believe that pollution control needs to be invested, especially in 13th Five-Year, which is oriented by quality and needs more input in operation. The benefits of sewage treatment have been compressed by "No. 78". Garbage incineration is also in a quagmire of low price competition. It can not be added to the tax burden any more. It is not conducive to the development of the industry. The price reform mechanism also proposes that sewage treatment fees should be reasonably increased, indicating that the profits of the industry have been very low.

Huatai Securities believes that the environmental tax law has greatly increased the illegal cost of sewage enterprises, forcing them to ensure that the sewage is up to standard.

As a result, environmental protection has become a rigid demand, and sewage companies need to adapt more actively to form a large-scale operation and reduce environmental costs. This also indirectly promotes the survival of the fittest in the upstream industry, speeds up the exit of the zombie enterprises, and achieves the optimal allocation of resources.

The green tax law makes the environmental protection enterprises the biggest winner by enhancing the market demand of environmental protection services.

The fixity of Taxation will also make accounting for the cost-effectiveness of environmental services easier, so that environmental protection enterprises with cost and technological advantages will gain market favor, thus promoting the survival of the fittest of environmental protection enterprises and upgrading the environmental protection industry.

The promulgation of the tax law involves the whole industry and promotes the whole environmental protection industry.