Analysis Of The Coal Resource Tax Reform In China

China no matter from coal production and consumption, holds the important status in the coal industry of the world pattern. Coal in China’s energy structure occupies an important position. Our country is the import country of the petroleum, natural gas and other resources. Because of the importance of resources to national development, protection and reasonable use of our resources and environment need more and more attention.Ad valorem of coal resource tax is the general trend. After nearly ten years of gold period’s development, Chinese coal industry turn the world upside down, and gradually get rid of a loss situation. But since2012, with the price drop of coal, the coal industry faces the relatively large burden, such as the coal industry transformation and upgrading lag, the supply exceeds demand, the price continued to decline, the huge administrative fees, and the coal import and export issues etc..In the background of the coal resources tax reform, particularly in the coal industry’s downturn moment, reform of coal resource tax is very necessary for the impact. In this paper, Shanxi Xishan Coal And Electricity Power Co. Ltd is taken an example to analyze the impact of the coal resources tax reform on the company’s net profit etc... Some advice will be given in this paper about the resource tax reform of China.This article is composed of four parts, roughly as follows:The first chapter:introduction. The main contents and innovations of the thesis, the mainly research background, research significance, the domestic and foreign research review.The second chapter:the status and problems of China’s resource tax. First of all, from the scope of resource tax, the taxation methods and tax revenue’s attribution, we introduce China’s current resource tax system. Then, combined with the existing tax system we analyzes the problems of China’s resource tax.The third chapter:Shanxi Xishan Coal And Electricity Power Co. Ltd is taken as an example. First of all, starting from the global coal production and consumption, we analysis of the basic situation of China’s coal industry. The development history of coal enterprises in China and the current status. Secondly, we describe the history of coal resource tax reform in china. Thirdly, based on the basic situation in Shanxi Xishan Coal And Electricity Power Co. Ltd, we use the company’s financial statements data2008-2012to analyze o the influence of coal resource tax reform to the profits of the company.The fourth chapter, the deepening of China’s coal resource tax reform proposals and countermeasures of enterprises are put forward. Combined with the current situation of China’s resource utilization, countermeasures and suggestions to help enterprises to deal with the resource tax reform of China’s coal resources tax are put forward.China’s resource tax system exists problems in the following aspects:(1) the taxation scope is narrow, ignoring the resources such as water, forest, grassland and so on, this causes the low cost to use these resources.(2) the methods of collection taxation is not that reasonable (3) the amount of the resources tax and the market price are separated.(4) Division of the central and local in the resource tax on the financial and administrative power is not clearly.This paper selects Shanxi Xishan Coal And Electricity Power Co. Ltd as the representative of enterprise of coal industry. Through the analysis of the enterprise we find that, resource tax the enterprise paid account for only about3%of the total tax revenue. The resource tax burden is very low in2012, it was only0.34%. This data also shows that, the regulating function of resource tax called for enterprises basically is useless.Resource tax amount is very small in stark contrast to the fees paid by the enterprises. Submit the huge fees should certainly cause adverse effects on liabilities and cash flow of the enterprise.In order to study the influence of resource tax reform on the net profit of enterprise, we select three tax rates (2%,6%, and10%) to see how much the net profit of the enterprises reduce. We can see that without considering the cleanup related fees, effect of resource tax reform on the company’s net profit is considerable. If we take the negative macroeconomic environment faced by enterprises and industrial structure adjustment pressures into account, the net profit decline is very difficult to burden for the enterprise.That reforming resource tax and cleaning associated charge at the same time is a wise choice. The formulation of:tax must consider the bearing capacity of enterprises, if the government can cleared more charges, tax rate can be increased appropriately. In addition to cope with the resource tax reform, enterprises should start from their own conditions, and strive to learn advanced technology, improve production efficiency, and reduce production costs in order to ensure sustainable development.