China’s Environmental Tax: Why Business Should Act Now

Effective 1 January 2018, the Environmental Protection Tax Law of PRC (hereinafter the law) ushers in a new tax regime to fight the dreadful pollution in China. The tax burdens are unevenly shared out, but all business will risk being overwhelmed if it fails to take actions immediately. Collective Responsibility has been closely tracking the development and implementation of the law. Last month…

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China’s Environmental Tax: What Business Needs to Know

In China, while the pressure of economic growth on the environment has been well documented, over the last few years, there have been a number of pilot and campaigns (nationally and provincially) to identify and reduce pollution at the local level. Since Chinese Premier declared “a war on pollution” in 2014, China has set up plans and targets for cleaning up its air, water, and soil. Last year,…

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