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Thread: Should China impose fuel tax?
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[quote=JIMMYB,261503]According to the news, Zhu Zhigang, vice minister of Ministry of Finance said that Ministry of Finance supported to impose tax on crude oil products, starting at 5 percent and later to be raised to 10 percent. The move aims at promoting energy saving. The longer you drive your car, the higher tax you should pay. However, he did not disclose when this policy will take effect. Actually, China once decided to impose fuel tax four years ago. But it didn't implement this policy, fearing this might make consumers angry, especially those taxi drivers and poor farmers. The inflationary rate of November reached 6.9%, which was the hightest in recent 11 years. The main reason is the soaring prices of food. For this reason, the implementation of imposing fuel tax has been delayed again. What do you think of fuel tax? Does it really help save energy?[/quote]
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