The following is one of a series of brief roundups of selected local newspaper editorials Monday: LIBERTY TIMES Is Taiwan ready to give away tax revenues to China? All of the agreements signed by the President Ma Ying-jeou administration with China have later proved to be eroding Taiwan's sovereignty and hollowing out its economic strength. The consequences of a tax accord to be signed at the upcoming round of cross-Taiwan Strait talks could be even more devastating. Once the agreement takes effect, China will have access to full data about business income taxes and personal income taxes paid to Taiwan's government by a number of Taiwanese businessmen operating in China and their employees. As a result, the Chinese authorities will be able to levy taxes on those Taiwanese citizens' earnings or incomes grossed in China in the future -- a situation tantamount to Taiwan helping China levy taxes on Taiwanese citizens or handing over large sums of tax money to China's coffers. The result of the soon-to-be-signed agreement could further worsen Taiwan's tax shortfall and ultimately undermine its national strength. With so many bad omens on the horizon, we are saddened by our officials' ignorance, as they are still touting the merits of the pact in enhancing taxation transparency, avoiding double taxation on investors in each other's territories, attracting Chinese investors and increasing tax revenues. One of the Kuomintang government's biggest faults lies in its belief that China could be Taiwan's savior. It's like asking a ghost to write you a prescription. The Ma administration must remember that many of Taiwan's problems have their roots in China and that their solutions lie in Taiwan. Since revamping the ailing economy is Ma's top campaign promise, the government should start with improving Taiwan's investment climate by offering tax incentives and upgrading administrative efficiency to help enhance corporate competitiveness. 