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France Passes Amending Finance Bill for 2015 without CbC Public Disclosure Requirements

|Approved Changes|France
France

In a late night session 17-18 December 2015, France's National Assembly approved the Amending Finance Bill for 2015, but has withdrawn the controversial amendment that would have required multinational companies to publically disclose Country-by-Country (CbC) information on its business. The requirement was based on a 2013 Banking law and would have applied for companies with net annual sales of EUR 40 million or more and certain other conditions. France's non-public CbC reporting requirement…

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