Under U.S. GAAP, the rate used to compute deferred taxes is either the enacted tax rate, or a substantially enacted tax rate (virtually certain).

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Under U.S. GAAP, the rate used to compute deferred taxes is the enacted tax rate, not a substantially enacted tax rate. The guidance specifies the use of the tax rate that has been enacted into law as of the balance sheet date.

Under US GAAP, the Rate Used to Compute Deferred Taxes Is