The Challenges Companies Face Accounting for the Global Minimum Tax

This is not like the traditional tax regimes we've seen in the past that are going to be based on specific rates applied to taxable profit. It's definitely raised some questions from shareholders related to the scope under both US GAAP and IFRS, whether it actually creates additional temporary differences or if those temporary differences should be recognized. And finally, it may also bring in questions about what rate to use when measuring existing regular tax-deferred taxes.