Under IAS 12, Income Taxes, how is the relationship between a hypothetical tax expense based on statutory rates and reported tax expense based on the effective tax rate explained?

Question

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IAS 12 requires a reconciliation between the tax expense based on the statutory rate and the tax expense based on the effective tax rate. This can be done using the statutory rate of the home country or a weighted-average statutory rate across jurisdictions where the company operates, depending on the context and what provides the most meaningful explanation.

Under IAS 12, Income Taxes, How Is the Relationship Between