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EspañolItaly Postpones The Tax For Plastic
Due to Italy's attempt to protect its economy during the coronavirus outbreak, the country has put a tax plan of 450 euros (483 US dollars) per ton on plastic raw materials until next year.
The tax was originally scheduled for July 1st, and the tax will apply to all untreated plastics (excluding recycled plastics and compostable bioplastics), but the tax is now postponed until 2021.
According to analysis by ICIS Consulting, sources from different industries such as polyethylene (PE), polypropylene (PP) and polyethylene terephthalate (PET) believe that postponing the plastic tax is a positive or negative measure , Depending on the position of the polymer in the industrial chain.
"Removal of plastic taxes will help the industry," said a distributor of polypropylene and polyethylene. "In recent weeks, our trading volume has increased significantly. If the government levies taxes, it will be able to collect a lot of plastic taxes. However, it is estimated that the government does not want to squeeze the economy further," the distributor added.
"If a plastic tax is levied, it will increase the production cost of the polymer, which is a disaster for the entire industry ... Now at this time, the government should not levy taxes and should distribute the money. In addition, the market Demand is also slowing down, "said a PET trader.
