Research On The Effect Of Environmental Protection Tax On High-Quality Economic Development

For the 40 years since the reform and opening up of China,its economy has advanced quickly,yet it still confronts serious environmental pollution issues.It is essential that the government take obligatory steps to reduce pollution and enhance the ecological environment.On January 1,2018,the Environmental Protection Tax Law was officially put into effect,providing useful advice for further refining China’s green tax system to foster high-quality economic growth.A combination of both oretical and empirical analysis techniques is employed in this study,which utilizes panel data from30 provinces in China from 2003 to 2021 to assess the effect of Environmental Protection Tax on high-quality economic growth.To begin,the fundamental theory is used to explain the pertinent ideas of environmental protection tax and high-quality economic development.An examination of the policy consequences of instituting an environmental protection levy is conducted from five perspectives:invention collaboration,eco-friendly,transparency and exchange.Establishing an index system for high-quality economic development,a comparison of the level of such development in different regions of China is made.To further analyze the role of environmental protection tax in promoting such development,empirical analysis is conducted using panel data and exploratory research is conducted to assess the moderating effect of marketization.The research conclusions of this article are as follows:(1)The influence of environmental protection tax on superior economic growth should be evaluated in terms of the magnitude of sub-dimension indicators of high-quality economic growth and which mechanism is more influential overall.(2)The current state of China’s high-grade economic growth is on the upswing.(3)The Environmental Protection Tax has a considerable,beneficial effect on the quality of economic growth in different areas,and in turn,encourages regional high-grade economic development.The policy effect of environmental protection tax,with respect to the five development concepts,has been found to have a beneficial effect on innovation,coordination,green,and sharing development,yet a detrimental inhibitory effect on open development.(4)The policy effect of environmental protection tax shows regional heterogeneity.(5)The degree of marketization has played a regulatory role in the impact of environmental protection taxes on high-quality economic development.Proposing the following recommendations based on the research conclusions:(1)Rationalize the taxation rate.(2)Improve tax preferential policies and mobilize the enthusiasm of enterprises for technological innovation.(3)Based on the actual situation of the region,further refine the environmental protection tax standards.(4)Leverage the compound effect of environmental protection tax and other environmental regulatory measures.(5)Establish an information sharing platform.