Analysis of China's Rare Earth Resources Tax

DOI

10.2991/icemaess-18.2018.7How to use a DOI?

Keywords

rare earth, resource tax, ad valorem collection

Abstract

Rare earth is a nonrenewable rare mineral which is widely used in modern industry. It is an important strategic resource of China. China accounts for nearly 1/3 of the world's rare earth reserves, and provides more than 80% of the world's market demand. Because of the huge damage to the environment during the exploitation and production of rare earth, the western countries have imported rare earth from China and stored it in large quantities for a long time. The scarcity of rare earth resources and the external cost of environment are not well reflected in the price formation mechanism of rare earth. As WTO ruled in 2014 that China's rare earth export quotas and tariff policies were not allowed, the rare earth resources tax as a means of regulation of China's rare earth industry is becoming more and more important. This paper expounds the situation of rare earth resources in China and the existing problems of the rare earth resource tax, and puts forward some countermeasures to improve the sustainable and healthy development of rare earth resources in China

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhengyu Wang
AU  - Defa Cai
PY  - 2018/11
DA  - 2018/11
TI  - Analysis of China's Rare Earth Resources Tax
BT  - Proceedings of the 2018 5th International Conference on Education, Management, Arts, Economics and Social Science (ICEMAESS 2018)
PB  - Atlantis Press
SP  - 32
EP  - 35
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemaess-18.2018.7
DO  - 10.2991/icemaess-18.2018.7
ID  - Wang2018/11
ER  -