Environmental Tax Policy in America and Its Exemplary Role

The present revenue systems in China have many problems in terms of protection of environment and resources including low legislation level,supervision leaks,unregulated levies on pollution drainages,lenient punishment on refusing and embezzling levy,lack of environmental factors in related tax categories,narrow taxation scope of resource tax,unreasonable tax amount and tax basis,and poor coordination of excise taxes.After a comprehensive introduction to America’s ecology tax policies(including revenue types,tax rates of ecology tax,and preferential policies of ecology tax such as direct reduction,investment revenue offsets and remits,acceleration depreciation and so on),levying of ecology taxes in China is proposed covering universal taxation,pollution emissions tax,and pollution product tax.Tax revenue preferences will also be granted at the same time.The policy will expand the scope of revenue preferential benefit,establish the mechanism of cost reckoning and benefit analysis,and give local governments moderate authority of revenue preferential benefit and legislative power.