Research On The Impact Of Environmental Protection Tax On HL Steel Company

Since the introduction of the new economic normal model in 2014,the steel industry has actively sought to change the production model,improve the management level,and continue to innovate.At the same time of continuous development,environmental protection is regarded as the main point of development.Based on the production nature and large scale of iron and steel enterprises,the amount of pollutants discharged is also huge.Although the sewage charges previously have played a certain role,the impact and implementation are far from enough.And its drawbacks are increasingly prominent.The environmental protection tax levied since January 1,2018,which is a perfection of sewage charges.Most steel companies are taxpayers of environmental protection tax.So it is no doubt that the environmental protection tax has a major impact on the development of steel enterprises.Based on this,the article introduces the levied environmental protection tax's background,and takes the basic situation of HL Steel's environmental taxation as the entry point.And analyzes the impact of sewage charges and environmental taxes on HL Steel,which is divided into positive and negative effects.Specifically,it analyzes the impact of environmental protection tax on the company's operating costs,operating profit,tax burden and steel's exporting,green technology innovation and environmental protection investment.Therefore,it points out the challenges faced by the company and makes reasonable suggestions for HL Steel to reduce the cost of the company,reduce the tax burden of the company and promote the transformation of the company.The paper mainly includes the following chapters:The first is the introduction.This chapter introduces the background of the topic selection,the research significance of the article,the research content,the research methods and the main innovations and deficiencies of the thesis.The first chapter is the analysis of the basic situation of HL Steel and the taxation of environmental protection.This chapter mainly describes the basic situation of HL Steel and the taxation of environmental protection.The basic situation includes basic information about the company,environmental protection inputs,and emissions.The tax-related expenses of environmental protection mainly depend on the basic tax-relatedsituation of HL Steel Company,the comparison of environmental protection after-tax policies and the taxation of environmental protection.The second chapter,the impact of the environmental tax on the HL steel company before and after the collection.It mainly elaborates on the positive and negative impacts on HL Steel before and after the environmental protection tax.The positive impact of environmental protection tax on HL Steel includes both the impact of the company's green technology innovation and its impact on the company's environmental investment.The negative impact of the environmental protection tax on HL Steel mainly depends on the impact of the fee-based tax reform on the operating costs of HL Steel,the impact on the company's profits,the impact on the tax burden and the impact on the steel's exporting.Among them,the levied environmental protection tax on the tax burden of HL Steel Company was analyzed from the nominal tax burden and the actual tax burden.The third chapter,the challenges faced by HL Steel after the fee change.Mainly from the company's production and management aspects,the company's management,the company's industrial structure to write the challenges to the company.HL Steel Company responds to the challenge of tax-changing.Mainly from three aspects: recommendations on the company's production and operation,recommendations on company management and recommendations on the company's industrial structure.