Date
23 October 2017

China may launch price-based coal resource tax, paper says

China is expected to launch a price-based coal resource tax this year, China Securities Journal reported Friday, citing an unnamed source. The new levy will increase coal producers’ operating costs which could prompt the government to offer some tax relief. Coal prices are expected to fall in the coming months amid rising inventory linked to the upcoming Spring Festival holiday and panic selling by traders, the report said.

– Contact HKEJ at [email protected]

KZ/AC/RA

 

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