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Tax slapped on wooden chopsticks, luxury goods [Copy link] 中文

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Post time 2006-3-23 08:33:06 |Display all floors
(China Daily)
Updated: 2006-03-22 05:55


Consumption tax will be imposed on disposable wooden chopsticks, wooden floor panels, yachts, luxury watches and more oil-based products from April 1, the authorities announced yesterday.

The move is designed to control and regulate energy usage, help protect the environment by reducing the exploitation of timber resources, and narrow the gap between the poor and the rich by collecting a consumption tax on luxury items, the Ministry of Finance said. The tax has been approved by the central government, it added.

A 5-per cent consumption tax will be collected on disposable wooden chopsticks to discourage their use as they are a waste of timber resources, the ministry said.

The production of disposable chopsticks uses up 1.3 million cubic metres of timber each year and denudes the country's forests, the ministry said.

Each year, China sells 10 billion boxes of wooden chopsticks in the domestic market and exports about 6 billion boxes, according to estimates.

A 5-per cent tax on wooden floor panels will also discourage the consumption of timber resources.

Luxury items to be taxed include yachts, golf clubs and balls (10 per cent) and high-end watches (20 per cent).

Consumption tax on naphtha, solvents and, lubricants will be 0.2 yuan (2.5 US cents) per litre, and 0.1 yuan per litre for aviation fuel oil, said the ministry.

But the government will collect only 30 per cent of the announced tax on naphtha and solvents to reduce the impact on industry; and not collect the tax on aviation fuel for the time being.

The ministry said it would scrap consumption tax on skin-care and shampoo products from April 1.

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Post time 2006-3-23 08:42:40 |Display all floors
Quite a lot of us hail the launch of tax on wooden chopsticks, 'cause it surely will do good to energy-saving and environmental protection. But many people are a bit disappointed to find that the taxed catalogue does not include luxury housing, luxury furniture and luxury  fashions, etc.  what do you think of the taxation?

[ Last edited by alee_dodo at 2006-3-23 08:43 AM ]

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Post time 2006-3-23 08:46:59 |Display all floors
though many people propose consumption tax on luxury housing, related authorities said it's better to include housing and other luxury goods into property tax catalogue. it's indeed urgent to levy taxes on these luxury consumption, because, i think, it will be a good way to narrow the gap between the have and have-nots.

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Post time 2006-3-23 08:51:12 |Display all floors

GOOD

Make the wooden chopsticks enterprises bankrupt.....

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Post time 2006-3-23 08:56:24 |Display all floors

BAD! Find another way!

Tax should be the last resolve. The burden will be split to two parts, on the consumer and the seller, no matter which side it is levied on -- the only difference is which part takes more. And no tax is efficient -- a loss is inavoidable, either or both to the buyer or the seller. The only objective it can achieve, however, is to discourage consumption on particular goods.

[ Last edited by leconomist at 2006-3-23 09:00 AM ]

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Post time 2006-3-23 19:35:40 |Display all floors

Resources is limited.

Kind of resources is limited.The authority took this action will promote people's abstemious notion.Then,the high tax on luxurious consumption is useful to narrow the gap between haves and have-nots.

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Post time 2006-3-24 16:54:02 |Display all floors

Reply #1 alee_dodo's post

Tax the sawn wood......
so that they will shift into bamboo.....
that'll make sichuan have another great export.....

how are you going to tax such a simple product....
it's like asking people not to use tissue paper......
aiyah.....use a better method...

fm
Green Dragon

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