The new tax will require companies to compute two separate calculations for federal income tax purposes and pay the greater of the new minimum tax or their regular tax liability.To determine whether the new tax applies, companies must first ascertain whether their "average annual adjusted financial statement income" (AFSI) exceeds $1 billion for any three consecutive years preceding the tax year.Affected companies must make several adjustments to AFSI when determining the new tax.The Act limits general business credits and AMT foreign tax credits for creditable foreign income taxes paid or accrued by controlled foreign corporations (CFCs).Comprehensive modeling can help applicable...