Finance Act 2015 includes legislation for the new diverted profits tax, which has now come into force. The OECD has published three new discussion drafts, including most notably one on action 3 (strengthening CFC rules). In Greece, proposals to introduce new rules restricting the deduction of certain expenses are potentially of concern for businesses with operations there. In Japan, long expected changes to corporate taxation have finally been enacted, including a reduction in the main rates.
