Research On The Green Transition Of I&S Enterprises Under Environmental Tax Reform

I&S industry provides basic materials for automobile,real estate,construction,ship and other industries.I&S industry is indispensable.However,the steel industry also has the characteristics of high pollution and energy intensive.Some phenomena such as haze,ozone hole,acid rain and so on have become the object of social rejection.As a major polluted province,Hebei Province should keep eyes on its environment.The environmental tax was formally implemented In January 2018.The content of the environmental tax was basically determined In June 2015.Under the environmental tax reformation,How deep is the impact on heavily polluting I&S enterprises and whether the green transformation of polluted seriously company would be forced.So this paper chooses HBIS Co.,Ltd.in Hebei I&S Enterprise as a case study.First of all,via the analysis of the cause of green transformation of this company,via the tainted information in 2016 and 2017 and the current environmental tax,it is found that the Levy of environmental tax has brought a greater cost burden to this company.Environmental tax accounts for a larger proportion of the total tax burden and net profit of enterprises,and the reward and penalty policy of environmental tax and market factor also promote enterprises to seek benefits and avoid disadvantages and green transformation to reduce the cost pressure of the tax.Then tracing back to the policy background,taking the promulgation of the "Environmental Tax Law of PRC(Draft for Opinions)" in June 2015 as the time point,this paper analyzed the green transformation behavior of the company from six aspects: the size of environment plant,the change of industry chain,the strength and direction of R&D technology,the issuance of green bonds and the disclosure of environmental information.Then the green transition result is analyzed from five aspects: customer source,gross product interest rate,market image,results of energy conservation and discharge decrease,and pollution discharge per ton of steel.It is found that the results of energy conservation and discharge decrease and market image is improving,and rate of margin rising.Meanwhile there are three problems: the overall effect of energy conservation and discharge decrease is lower than the first in this field,the market underestimates the company's prospects,and the discharge fee per ton increases instead of decreasing.Finally some methods are giving and some references are provided for other polluting enterprises.