SUBMIT MANUSCRIPT

Donnish Journal of Accounting and Taxation

June 2018 Vol. 4(1), pp. 001-004

Copyright 2018 Donnish Journals




Green Tax Accounting Entries Will Promote More Chinese Green Companies


Feng Yuan

Nanjing, China.

Corresponding Author's Email: yuanfeng0803@gmail.com

Accepted 26th May, 2018.



Abstract


The collection of green tax could promote the construction of ecological civilization, as it establishes a green system to encourage companies to reduce the emission and protect the environment. In 2018, China begins to carry out its green tax reform. According to the law, it is estimated that the scale of green tax collection could reach 50 billion yuan (7.88 billion dollars) this year. This paper aims to analyze the different effects of this reform on polluting companies and green companies. From an accounting perspective, the focus of this paper is to propose new accounting entries and make the product price include the tax. This would help the companies to find the source of pollution, emit less pollutant, and develop its environmental technology; implementing these accounting entries will accelerate the construction of an ecological civilization.

Keywords: Green tax, Accounting entry, Environmental protection, Ecological construction.

Read: [Full Text - PDF]


Cite This Article:

Feng Yuan. Green Tax Accounting Entries Will Promote More Chinese Green Companies 4(1) 2018 pp. 001-004.


© 2018 - Donnish Publishing House | Terms | Privacy policy |