Study On The Impact Of Environmental Tax On The Green Development Of Iron And Steel Enterprises

In the face of the increasing resource and environmental constraints,China has put forward more stringent environmental protection requirements for economic and social development.As one of the heavily polluting enterprises,the green transformation of iron and steel enterprises is imminent and green development is the way to go.The report of the 20 th Party Congress points out that the macro background of promoting green development has put forward higher requirements for the green development of the iron and steel industry,and in the context of the "double carbon" target,the iron and steel industry is also facing new development opportunities and challenges.China’s iron and steel industry has been combining structural adjustment with the creation of energy-saving and clean plants since the Ninth Five-Year Plan,but at present,China’s iron and steel industry has generally not yet got rid of the development mode of high input,high consumption and high emission.There is an urgent need to accelerate the construction of a green development system with high technological content,low resource consumption and low environmental pollution.In order to implement the decision of the Party Central Committee and the State Council to "protect the ecological environment with a strict legal system",better protect and improve the environment,reduce pollutant emissions and promote the construction of ecological civilisation,China started to implement the environmental protection tax on 1 January 2018,which marks an important step forward for the cause of environmental protection in China.The introduction of this tax has laid an important foundation for the development of China’s environmental protection sector.The study of whether the environmental protection tax will force steel enterprises to achieve green development is of great significance in promoting China’s economic transformation as well as improving China’s green taxation system.Based on the interaction between macro-tax policies and micro-enterprise behaviours,this paper uses the theory of tax externality,the Porter hypothesis and double dividend theory,the theory of industrial transformation and upgrading,and the theory of enterprise resource base.The study analyzes the green development of Hbis Co.,Ltd.and Angang Steel Co.,Ltd.after the introduction of environmental protection tax.Firstly,it introduces the current situation of the green development of the two case companies and the motivation of their green development after the introduction of the environmental protection tax,and secondly,through horizontal and vertical comparison,it summarises the The common impacts of the environmental protection tax on the green development of the two steel enterprises,namely,prompting them to expand the scale of The common impacts of the environmental protection tax on the green development of the two steel enterprises are summarised,i.e.the enterprises are encouraged to expand the scale of green investment,the enterprises are driven to increase the intensity of investment in R&D personnel and the enterprises are motivated to achieve green emissions.And through horizontal and vertical comparisons,the differential impact of environmental protection tax on the green development of Hbis Co.,Ltd.and Angang Steel Co.,Ltd.was analyzed,including:(1)the duration of impact on Hbis Co.,Ltd.is longer than that of Angang Steel Co.,Ltd.;(2)the degree of impact on Hbis Co.,Ltd.is higher than that of Angang Steel Co.,Ltd..(3)the optimization of the green investment structure of Hbis Co.,Ltd.is better than that of Angang Steel Co.,Ltd..The reasons for the differences in implementing environmental protection tax policies are explored in terms of the taxation standards in the locations of the case companies,the use of tax incentives,the quality of environmental protection tax collection and management,the perception of the management,the corporate culture,government subsidies and the degree of marketization in the locations of the companies.Based on the results of the case study,this paper proposes the following policy recommendations: first,optimise the structure of the environmental tax system,and reasonably design the tax level,and increase the number of tax concessions to give full play to the incentive and guidance role of taxation.Second,promote the collaboration of environmental protection tax collection and administration,improve the efficiency of collection and administration,and strengthen tax propaganda and education to enhance the awareness of steel enterprises in paying taxes;third,steel enterprises should strengthen the construction of green culture and improve the level of green awareness of management;fourth,optimise the government subsidy policy and urge enterprises to use government subsidies reasonably.Fifthly,efforts should be made to improve the marketability of the location of steel enterprises.