Article 23 In case an enterprise has already paid overseas the enterprise tax for the following incomes, it may deduct it from the payable tax amount of the current period.

第二十三条 企业取得的下列所得已在境外缴纳的所得税税额，可以从其当期应纳税额中抵免，抵免限额为该项所得依照本法规定计算的应纳税额；

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If the progressivity of the tax code were framed as an expenditure--in the amount of all taxes paid at rates lower than 39.6%--the CBO would have found an enormous benefit to lower-income taxpayers.

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