China plans to increase rare earths resource tax
Published: Friday, 23 May 2014
An increase of rare earths ore taxes could push up prices, in line with China’s plans to control mineral resources and reform a market which has been afflicted by smuggling and lower demand in the past two years.
China’s government is planning to increases
taxes on rare earths resources, reported Beijing-based news
provider The Economic Information Daily,
citing unidentified industrial insiders.
According to the Chinese publication, the policy, under
discussion by the Ministry of Industry and Information
Technology, the State Administration of Taxation and the