Research On The Double Dividend Effect Of China's Environmental Tax

In recent years,Most developed countries in the world are using economic means to limit environmental pollution.Some of these countries achieved the desired effect by imposing environmental taxes.Along with our country pay more and more attention to the ecological environment protection,through the use of tax revenue means to solve the problem of economic growth in the environment worsening,has become one of the important methods for the sustainable development of our country carrying out green.Since reform and opening-up,our country also adopt,resource tax,city building duty,collecting fees for discharging pollutants on the town land royalities with characteristics of green tax,such as "quasi environment tax" to adjust the negative effect on the ecological environment of economic development.However,the quasi-environmental tax can not completely replace the environmental tax either from the tax system design or from the tax effect.It is an inevitable trend to levy independent environmental tax and improve the quasi-environmental tax system.China had not introduced an independent environmental tax.Instead,it was adjusted with quasi-environmental taxes such as sewage charges,resource taxes,urban construction taxes,and vehicle and boat taxes.However,the quasi-environmental tax can not completely replace the environmental tax either from the tax system design or from the tax effect.It is an inevitable trend to levy independent environmental tax and improve the quasi-environmental tax system.In this environment,China's first real environmental protection tax law was formally implemented on January 1,2018.At present,in the theoretical community,the research and application of the "double tax effect" of "environmental taxation" has become a hot spot in the taxation and taxation circles of various countries in the world.At present,in the theoretical community,the research and application of the "double tax effect" of "environmental taxation" has become a hot spot in the taxation and taxation circles of various countries in the world.In China,domestic research on the "double dividend" of environmental taxes started late,and the focus of the study was either on the results of the double dividend study in the Western theoretical community or on the feasibility of analyzing the effects of the double dividend in China.Most of them lacked the necessary Empirical analysis.This article first establishes the EKC curve model to verify whether there is a Kuznets curve(EKC curve)in China from a macro perspective,that is whether there is an inverted “U” relationship between economic growth and pollutant emissions,in order to verify the first Dividend effect.Through verification,it is found that there is an inverted "U"-shaped curve relationship between the total amount of industrial waste in China and per capita GDP,which satisfies the Kuznets curve.With the growth of the economy,the emission of pollutants will increase first,and after a certain stage,it will gradually decline along with the growth of the economy.Then,in order to study the relationship between environmental taxes and economic growth and pollutant emissions in this paper,the environmental tax is added as a regulatory variable to the EKC.In the curve model,the impact of environmental taxes on the EKC curve in China will be analyzed.After the environmental tax variable is added,the EKC curve moves to the lower left so that the peak value of the pollution emission can be reached earlier and the peak value will be lower than when the environmental tax is not added.This shows that the implementation of the environmental tax will play a certain role in protecting the environment.In the process of economic development,pollutant emissions can be relatively reduced,and economic development can be promoted,achieving the first heavy dividend effect of environmental taxes.This paper then studies the effects of environmental taxes on the efficiency of capital and labor output,and the efficiency of taxation systems in various provinces and cities across the country,to empirically analyze whether China has the second-tier dividend effect of environmental taxes.By building panel data on the data of 29 provinces and cities in China from 2006 to 2016,using EVIEWS8.0 software to analyze,the empirical analysis shows that the current environmental tax system in China is more effective in raising capital output,while the The results are not significant;the effect of improving the efficiency of the tax system and promoting investment in pollution control is still not satisfactory.Finally,according to the conclusion of theoretical analysis and empirical research,combined with the environmental protection tax law enacted and implemented in 2018,this paper focuses on the problems that should be paid attention to,some suggestions are put forward to improve the environmental tax collection and management system,and pay attention to the tax system efficiency and regional differences.