What's behind AMT's income tax expense surge in Q2 2024?

American Tower's (AMT) income tax expense surged by 8.09% in Q2 2024 compared to the same period in the previous year. This increase can be attributed to several factors:

1. **Global Operations Expansion**: AMT's extensive and geographically diversified communication real estate portfolio is a key driver of its growth. The company's global operations expansion, particularly in emerging markets, could have led to increased tax liabilities in various jurisdictions.
2. **5G Network Deployment**: The accelerated deployment of 5G networks worldwide has led to higher demand for AMT's services. This increased demand could have resulted in higher income tax expenses due to the recognition of revenue and profits associated with the expanded operations.

In conclusion, the surge in income tax expense for American Tower in Q2 2024 is likely a result of the company's global expansion and the accelerated deployment of 5G networks, which have led to increased revenue and profits across its operations.