Government urged to raise environmental tax rates to drive green growth.
The article analyzes how different tax rates can impact environmental protection efforts in China. By studying data from over 100,000 companies in Yunnan Province, the researchers found that current tax rates are too low to encourage businesses to reduce pollution. They suggest that the government should increase tax rates to push companies to invest in green technologies and improve environmental practices. Additionally, the government should provide incentives for eco-friendly actions and enforce tax regulations more strictly to prevent companies from avoiding taxes.