Author(s)

Li Yin ¹, Chenxiao Xing ²

Affiliation(s)

¹ Xinjiang University of Science and Technology, Kuerle, 841000, China
² Harbin University of Commerce, Harbin, 150028, China

Corresponding Author

Li Yin

ABSTRACT

The impact of environmental protection tax on iron and steel enterprises is a topic of concern. Taking WISCO Group as an example, this paper discusses the impact of environmental protection tax on WISCO Group by combing and analyzing relevant literature and data. This paper points out that the levy of environmental protection tax will not only promote enterprises to improve the level of environmental protection, reduce environmental pollution, but also increase the cost of environmental protection and production costs, and ultimately affect the economic benefits of WISCO Group. At the same time, the government can also obtain more environmental protection funds by levying environmental taxes for the development of environmental protection. In addition, the collection of environmental protection taxes may also lead to the withdrawal of some enterprises from the market, thus affecting the overall development of the industry. Accordingly, WISCO can reduce environmental protection costs and improve environmental protection levels through technological innovation and management innovation. The government can also support the environmental protection work of enterprises through tax incentives and other measures to promote the sustainable development of enterprises. To sum up, the impact of environmental protection tax on steel enterprises is twofold. Although the collection of environmental protection tax may have a certain impact on the economic benefits of enterprises, it can also promote enterprises to improve the level of environmental protection and achieve sustainable development.

KEYWORDS

Environmental Tax; Enterprise Innovation; Wisco Group

CITE THIS PAPER

Li Yin, Chenxiao Xing, The Impact of Environmental Protection Tax on Iron and Steel Enterprises—Taking WISCO Group as an Example. Accounting and Corporate Management (2024) Vol. 6: 55-62. DOI: http://dx.doi.org/10.23977/acccm.2024.060108.

REFERENCES

[1] Zhang Lanyue. Multiple Case studies on the impact of environmental protection tax on green transformation of Iron and steel enterprises [D]. Nanjing University of Information Science and Technology, 2023.
[2] Zhang Li. The impact of environmental protection tax on iron and steel enterprises [J]. Certified Public Accountants, 2021, (07):9-10.
[3] Li Ruixian. Study on the impact of Environmental Protection Tax on Steel Industry [D]. Jinan University, 2022.
[4] Li Jianmin, ZHANG Zhigang, LIU Pengfei. Study on the impact of Environmental Tax on Chinese Iron and steel Enterprises and Countermeasures [J]. Environmental Science and Management.2019, 41(03):10-15.
[5] Guo Qianqian, Ren Jingming. Analysis on supply-side reform of iron and steel industry in response to environmental protection [J]. Environmental Impact Assessment, 2016, 38(05):5-7+16.
[6] Tao P , Zhang Q Y .Study on relationship between environmental performance and corporate financial performance—Based on listed companies in heavy polluting industries[J].IEEE, 2014.DOI:10.1109/ICMSE.2014.6930355.
[7] Wang Chaofeng. A Brief analysis on the impact of environmental protection Policy on the cost of Iron and steel enterprises [J]. Metallurgical Finance and Accounting, 2019, 38(03):46-48.
[8] Pi Lizhen. Impact of Environmental protection Tax Implementation on Iron and steel enterprises and Countermeasures [J]. Metallurgical Finance and Accounting, 2019, 38(04):8-11.
[9] Bi Qian, Yu Lianchao. Environmental tax and Enterprise Technological Innovation: Promote or Inhibit? [J]. Science Research Management, 2019, 40(12):116-125. (in Chinese)
[10] Zhang Qian, Mei Yali, Wang Kui. Environmental protection tax, technological innovation and manufacturing firm performance: moderated mediating effect [J]. Resources and Industries, 2019, 25(03):107-120.
[11] Lin Lirong. Research on the impact of China's Environmental Protection Tax on Technological Innovation in Iron and Steel Industry [D]. Liaoning University, 2023.
[12] Guo Feng. Study on the impact of Environmental Protection Tax on the environmental cost of A Iron and Steel Enterprise [D]. Hunan University of Technology, 2022.
[13] Wang Yibo. Study on the impact of Environmental Protection Tax on Iron and steel Enterprises [D]. Liaoning University, 2022.
[14] Guo B , Feng W , Yu Y .Can environmental tax improve the environmental investment? Evidence from a quasi-natural experiment in China[J].Environmental Science and Pollution Research, 2023(53):30.

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Financial Engineering and Risk Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics