The French Finance Committee has approved a proposed amendment to the 2015 Finance Act (2016 Budget legislation) that would introduce country-by-country (CbC) reporting requirements for multinational enterprises. The CbC requirement was proposed on 4 November 2015, and is reportedly in line with the guidelines developed as part of Action 13 of the OECD BEPS Project.
The amendment will be put to a vote in a public session before being added to the 2015 Finance Act before the end of the year. …