China's Ministry of Finance has announced it will introduce a 6% tax on coal imports starting from December 1 this year. Coking coal, which is used for steel production, and anthracite will be taxed at 3%. China had a similar import tax on coal until it was removed in 1997.
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The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process