Reduce financial burden for green firms, political adviser suggests

Call to slash income tax rate from 25% to 15%

China should accelerate environmental taxation reform and cut income tax for environmental protection companies to 15 percent, to ease the country's pollution problems and realize sustainable development, a political adviser has suggested.

Jia Kang, a member of the National Committee of the Chinese People's Political Consultative Conference and head of the Ministry of Finance's Research Institute for Fiscal Science, submitted a proposal to the committee to reduce the tax burden for environmental protection companies, which are usually medium or small-scale enterprises.