Bloomberg Tax
March 31, 2021, 8:47 AM

China Mulls Tax Overhaul for Steel in Push to Meet Green Goals

Annie Lee
Annie Lee
Bloomberg News

China is considering a number of tax changes for its mammoth steel industry -- including lowering export rebates -- to bolster efforts to clean up one of the dirtiest industries in the world’s top carbon emitter.

Officials are considering changes that would encourage imports and reduce exports, according to two people familiar with the matter, who asked not to be identified because they’re not authorized to speak publicly. The measures highlight a focus on servicing the domestic market after the country pledged to cut steel production this year to curb the industry’s carbon emissions.

Read more: China Vows Carbon Neutrality ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.