Thank you for your question, Mr. Ste‑Marie.
On the situation in the U.S., I'll say quickly that the updated rules to implement the global minimum tax took into account the much talked-about global intangible low-taxed income regulations the U.S. adopted or is in the process of adopting. It's therefore important to keep in mind that, for the time being, what the OECD has put together—so the sources, figures and data elements—takes into account the passage of a bill similar to the OECD's proposal, but not identical.
In Canada, the federal government is getting ready to adopt the main rule. It's clear that there's somewhat of a consensus around the matter in G20 countries. Nevertheless, the 15% threshold, in particular, has drawn significant criticism from civil society stakeholders and non-governmental organizations. The rate is seen as much too low, as compared with the actual tax rates set by most OECD countries. That is all the more true in developing countries. One problem is that the OECD forum for these discussions isn't open enough for developing and certain other countries to contribute to the talks in a fair way.
That's where things stand currently. There is an agreement within the OECD, a consensus. Now we need to see whether the UN's efforts will bring about the additional reforms that are needed.