Trade: Cutting lead export tax
(ce.cn)
Updated: 2006-05-24 14:06
China is considering reducing a tax rebate on refined lead exports to 5
percent from 13 percent, industry officials said on Tuesday.
Cutting the rebate would raise sellers' price demands and could weigh on
China's exports of refined lead, an important metal for making
batteries.
China has long granted rebates on value-added tax for some
exports. For copper, zinc and tin, exporters can claim 5 percent of the export
price as a rebate, down from 13 percent two years ago, the rebates were designed
to encourage exports. But now the country is trying to rein in the
resource-intensive metals sector and reduce exports.
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