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China to Introduce Carbon Taxes

China will proactively introduce a set of new taxation policies designed to preserve the environment, including a tax on carbon dioxide emissions, according to a senior official with the Ministry of Finance (MOF).

The government will collect the environmental protection tax instead of pollutant discharge fees, as well as levy a tax on carbon dioxide emissions, Jia Chen, head of the ministry's tax policy division, wrote in an article published on the MOF's website.

It will be the local taxation authority, rather than the environmental protection department, that will collect the taxes.

Source: Xinhua. Read full article. (link)

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