US book minimum tax

In this episode Douglas McHoney (PwC USA) and Arne Schnitger talk
about the US book minimum tax (BMT) respectively the corporate
alternative minimum tax (AMT), introduced by the "Inflation
Reduction Act". This new tax is applicable for tax years beginning
after December 31, 2022. Doug starts with an overview of the
development of the BMT and explains who does it apply to, how it is
calculated and how it interacts with the regular income tax. Arne
and Doug discuss the similarities and differences of the BMT in
comparison to the Pillar Two rules as well as to the GILTI regime
and illustrate that the BMT could trigger negative tax consequences
under the Pillar Two rules.