Research on Enterprise Green Transformation under Environmental Tax

Abstract

On December 25, 2016, the “Environmental Protection Tax Law of the People’s Republic of China” changed the current sewage charges to environmental taxes and implemented it in 2018. This study investigates Beijing-Tianjin-Hebei enterprises to understand the impact of the environmental tax system on Beijing-Tianjin-Hebei enterprises' operations and green transformation mechanisms. The survey results show that the implementation of environmental tax has little impact on the tax burden of most industries, but it increases the upstream raw material cost of enterprises and brings the burden of cash flow to enterprises. Moreover, the motivation of enterprises to save energy and reduce emissions mainly comes from the strengthening of national environmental regulations and the requirements of local governments. So we think that the state should raise the intensity of levy on enterprises with high pollution emissions, realize the stepped-difference levy, and improve the intensity and rigidity of law enforcement. We should improve the policy of green environmental tax deduction, reduction, and exemption, and return, and give full play to the positive role of Banks, industry associations, and other third-party organizations in providing enterprises with credit, talent, technology, and rating support.