An Analysis Of The Economic Impact Of The Coal Resource Tax Reform

Coal as an important pillar of the national economy, plays a vital role for the healthy development of China’s social and economic development. However, there are some problems in the process of mining and using coal resources, such as low recovery rate, serious waste of resources and so on. It is difficult to realize the sustainable development of our economy, and scientific development view in this way. To deal with the relationship between economic development and using resource, it is necessary to change the traditional concept of development,and promote the relevant industry to change the extensive mode of operation. As an important means of regulating the economy, tax policy should reflect the proper meaning and play a role in solving these problems.In 2014 December, Chinese government reformed the system of the coal resource tax, changed from volume-based to value-based. Because of the downturn current in the coal market, the short-term impact of the reform only confine to the coal mining industry.However, due to the coal resources are scarce, and with the excess capacity being digested and macro economic recovery, the long-term trend is rising. When the coal prices rise, according to value-based mode, Resource tax and price will increased in the same proportion. The study finds that, the coal mining industry can transfer about 60% of the tax incidence to the downstream enterprises. If at a rate of 6%, the long term, the downstream enterprises--electric power, iron and steel, building materials consume per ton of standard coal, the cost will89.39 yuan,165.99 yuan,129.08 yuan more than the short-time. Therefore, the downstream enterprises will face the impact from price and tax in the future. Therefore, in order to achieve sustainable economic development, it is necessary to change the concept of development and abandon the extensive management for the coal mining industry and the downstream industry.