Research On Green Accounting Of SH Forestry Paper Co., Ltd.in Green Tax Implementation

The rapid development of industrialization promotes the prosperity of economy, bringing us huge wealth of both material and cultural life. However, the environmental crisis has been a great threat to human survival and development today. In the1970s, for the management of the increasingly serious environmental pollution, the developed countries in Europe took the leader in establishin the green tax system, using the tax leverage to coordinate the behavior of human social production and to promote the of harmony development of human with natur.Then green GDP and green accounting have appeared successively. Researchers have studied a lot on green tax, but how to improve the accounting system lacks of pertinence and practicality from the view of tax administration.This paper reviews the existing researches in the necessity,feasibility of establishing green taxes,international green tax implementation taking the point of establishing green tax system and its accompanying theory foundations of green accounting, clarifies the relationship between tax and accounting; environmental protection, green taxes and sustainable development; negative external utility theory and economic theory of externalities and the basic theory of Green Accounting serving green tax. Taking SH Forestry Paper Co., Ltd as an example, this article analyzes current accounting recognition, measurement, disclosure and reporting that are non-adaptive for tax system, putting forward the corresponding improvement suggestions on accounting confirmation, including green asset, green liabilities, green cost and green revenue; recommending to improve the accounting measurement methods, including direct market approach, the human capital approach, protective cost method to restore cost method, alternative market approach. Green Accounting disclosure and reporting recommendations for improvement, including using the annual report environmental information disclosure, the preparation of the green financial statements and the corresponding form of green accounting report are proposed.