Citing a study conducted by the Chung-hua Institution for Economic Research, Chen said that even though the proposed carbon tax had been lowered from NT$2,000 per ton to NT$750 per ton, and projected revenues lowered from NT$800 billion to NT$435.1 billion, preliminary estimates show that manufacturers would be forced to bear an additional NT$100 billion in higher taxes and electricity bills.<…more>
Publication Date:10/19/2009
Source: Central News Agency
Editor: Lee Ming-tsung, Lin Yi-fong and Lilian Wu