Research On The Double Dividend Effect Of Environmental Protection Tax

Since the reform and opening up,China has experienced rapid economic growth.however,the rapid economic growth has come at the expense of environmental quality.At present,China’s economic development has entered a new era,and the mode of economic development has shifted from high-speed growth to a new stage of high-quality growth,with both economic development and environmental protection being pursued at this stage in China.In order to further improve the green tax system and promote high-quality economic development,on 1 January 2018,China’s environmental protection tax was introduced.This paper examines the theoretical basis of environmental protection tax in China,analyses the current situation of environmental protection tax collection,environmental pollution and economic growth in China,and discusses whether there is a double dividend from both theory and empirical evidence,i.e.whether the collection of environmental protection tax in China can reduce the emissions of industrial "three wastes" and achieve the first dividend-environmental dividend,and whether it can promote regional economic growth and achieve the second dividend-economic growth dividend,and finally puts forward the policy recommendations of this paper.This paper develops four models to discuss the inhibiting effect of environmental protection tax on industrial emissions,the inhibiting effect on industrial wastewater emissions,the inhibiting effect on industrial solid waste emissions,and the promoting effect on economic growth.In addition,the 30 provincial units in China are divided into 2 regions,the eastern and the central and western regions,according to the level of economic development and the level of environmental protection tax levy,and regional heterogeneity analysis is conducted to discuss the implementation effect of environmental protection tax levy in regions with different levels of economic development.Through empirical analysis this paper draws the main conclusions:(1)the collection of the environmental protection tax in our country played a inhibitory effect on industrial wastewater discharge and industrial waste gas discharge,the inhibitory effect on industrial solid waste discharge is relatively weak,and can basically realize the environmental dividends of the environmental protection tax;(2)The collection of environmental protection tax can promote the economic growth of our country to a certain extent and basically realize the economic dividend of environmental protection tax.(3)There is regional heterogeneity in the double dividends brought by environmental protection tax.The collection of environmental protection tax in the eastern region can reduce the emissions of industrial "three wastes",but also can promote regional economic growth and achieve double dividends.The collection of environmental protection tax in central and western regions can significantly bring regional economic growth,but it has a reverse effect on the emission of industrial "three wastes" pollutants.In response to the analysis conducted in this paper,ideas for giving full play to the double dividend of environmental protection tax are proposed:(1)optimising the tax structure to give full play to the environmental dividend;(2)improving the level of levy and administration to reduce the excess burden on the economy;(3)building a combination of measures to balance the differences in the effects of the central and western regions.