China's Parliament proposes new environmental tax benefits: Xinhua

Reuters News
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Posted: Aug 29, 2016 7:20 AM

BEIJING (Reuters) - China's Parliament has proposed increasing tax benefits for companies that cut pollution by more than the national standard, state media Xinhua reported on Monday, the latest effort by Beijing to curb the country's emissions.

If passed by the National People's Congress, China's top legislator, companies that reduce emissions to half of the national requirement would only pay half the taxes levied for air, water and soil pollution.

No other details were given.

(Reporting by Beijing newsroom, Josephine Mason and Kathy Chen; Editing by Susan Fenton)