Study On The Impact Of Environmental Protection Tax On China's Coal Industry ——A Case Study Of Listed Companies

Since the end of the 1970 s,China's social and economic development has been rapid,and gradually become a major modern socialist country.At the same time,China's early extensive economic development mode also caused serious environmental pollution.From 1978 to 2020,China's coal output increased from 620 million tons to3.84 billion tons,an increase of 519.35 percent.Air pollution in China is largely caused by pollutants produced during coal production and a large number of harmful gases released during combustion.Because coal enterprises discharge more pollutants in the process of resource consumption,the industrial pollution caused by coal enterprises accounts for a relatively high proportion of China's industrial pollution.Based on this background,China officially began to levy environmental protection tax in 2018.Although the overall goal of environmental protection tax is to complete the smooth transformation from early sewage discharge fees to environmental protection taxes,the introduction of environmental protection tax is bound to have a different impact on the behavior of each company because of the mandatory tax.Therefore,it is necessary to study the impact of environmental protection tax on listed companies in China's coal industry.Based on this,this study takes the introduction of environmental protection tax as the starting point to study the impact of environmental protection tax on listed companies in the coal industry.The article consists of five parts.The first part mainly introduces the definition and theoretical basis of environmental protection tax.The second part mainly introduces the relevant policies in the historical evolution of environmental protection expenses and the current situation of environmental protection tax system in China,aiming to clarify the national policies and the current development situation;The third part mainly comparative analysis,selecting Shanghai and shenzhen two city representative in 18 cases of listed companies,coal industry to the coal industry according to the total assets of listed companies is divided into three large,medium and small scale level,the statistics of the coal industry listed company environmental regulation,environmental related taxes and fees,the condition of the real data of the r?d.Through the comparative analysis of data at different levels,the following two conclusions can be drawn: on the one hand,the environmental tax increases the tax burden in the short term and promotes the improvement of enterprises' environmental regulation and R?D investment;On the other hand,the impact of environmental protection tax on enterprises of different sizes and regions has different characteristics.The large listed company in transition is relatively smooth,slightly differentiation between scale of listed company in which reflect certain pilot and in terms of environmental regulation in the aspect of r?d reflects a certain lag,small-scale differences however larger listed companies due to small size company can quickly adjust policy,green taxes compared to the influence of the less developed areas to developed areas to be more was not significant.The fifth part,based on the above research summary,puts forward relevant suggestions for the collection of environmental protection tax,including strengthening the internal management of enterprises by establishing the company's environmental management system,setting up environmental accounting,changing the company's industrial structure,strengthening cooperation with tax authorities and other measures.