Japan's Mitsubishi Chemical Corporation successfully turned losses

2019-05-14

In the fiscal year of 2009/2010, Mitsubishi Chemical Corporation, Japan's largest chemical company, achieved a profit of 12.8 billion yen ($139 million), while the company had a net loss of 67.2 billion yen in the previous fiscal year. Operating profit jumped sharply from 8.2 billion yen to 66.3 billion yen, but sales revenue fell 13.5% year-on-year to 2.51 trillion yen.

Resource tax can't be itchy

2019-05-14

First, we see that the adjusted resource tax rate is still low. The resource tax originally levied on the amount of money has been raised several times. However, due to the sharp rise in oil prices, the tax rate is less than 1% in terms of price. Although the adjusted pilot tax rate in Xinjiang has increased to 5%, it is still far from the UK's 12.5%, Russia's 16.5%, and the US's domestic and foreign averages of 14.6%.