Ernst & Young released a white paper on "Strengthening the Construction of Green Taxation and Implementing Sustainable Development"

"The green tax system has achieved remarkable results in promoting pollution reduction and carbon reduction. Data from the State Administration of Taxation shows that since the implementation of the environmental protection tax in 2018, the total amount of pollution per 10,000 yuan of GDP in my country has dropped from 1.16 in 2018 to 0.73 in 2022."

On September 13, at the results release conference of the 2024 China International Fair for Trade in Services, EY released the white paper "Strengthening the Construction of Green Tax Systems and Implementing Sustainable Development", demonstrating the effectiveness and challenges of green tax policies in actual operation. The above views come from this white paper.

In recent years, green tax policies have been widely used around the world and have become an important policy tool for countries to promote the green transformation of economic and social development and achieve sustainable development goals. In order to promote the construction of ecological civilization and achieve sustainable development, my country has actively built and improved relevant policy systems. Efforts in the carbon market, green tax system and green subsidy policies are important for promoting the rational use of resources, promoting corporate environmental protection and guiding green consumption. It has played a positive role.

At present, my country has established an ecological tax system with environmental protection tax as the main body, with resource tax and cultivated land occupation tax as the focus, and with vehicle and vessel tax, vehicle purchase tax, value-added tax, consumption tax, corporate income tax and other taxes as auxiliary, covering resource extraction, production, circulation, consumption, and emission. An ecological tax system with 8 taxes in 5 major links.

Yue Lei, partner of Ernst & Young Indirect Tax Services, said: "After long-term efforts, my country's green tax system has continued to expand and develop, and the green tax system has achieved remarkable results in promoting high-quality development. Although my country's green tax system has been established and achieved fruitful results, there is still room for improvement in the construction of green tax system in actual operation. It is suggested that in order to further release the green regulatory role of tax revenue, we should start from the institutional level and design the elements of green tax system. Consider it and measure the effectiveness of preferential green tax policies to promote the further 'greening' of the current green tax system."