The new agreement could encourage offshore Chinese firms to re-define themselves as Chinese resident enterprises, and in turn besubjectto a further degree of local taxation.
新协议鼓励境外的中国公司把自己重新定位为中国常驻企业，进而加大接受中国本土税收的程度。
2
Relevant provisions should be included in domestic taxation legislations to setup the subject and object of tax credit and taxation agreements with foreign countries should be completed.
应在国内税法中制定相应条款，明确规定税收抵免的主体和对象，完善对外税收协定。
3
People would be taxed when they earn wages, but when after-tax money is saved, it would not besubjectto further taxation.