USDA FAS report outlines the impact of China’s termination of its UCO export tax rebate
China’s ministry of finance and the state administration of taxation announced Nov. 15 that starting Dec. 1, the 13 percent export-tax rebate on used cooking oil (UCO) would be discontinued. Leading biobased diesel producers in China have long advocated for this change, arguing that the tax rebate undermines the country’s interests by favoring UCO exports […]