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French National Assembly Approve Public Disclosure Requirement for CbC Information

|Proposed Changes|France
France

According to recent reports, the French National Assembly has approved an amendment to the Amending Finance Bill for 2015 that would require companies to publically disclose Country-by-Country (CbC) information on its business, including type of activity, turnover, employee headcount, and profit or loss before tax. The public disclosure requirement was added to the Amending Finance Bill for 2015 after being rejected in the 2016 Budget Bill, which includes nonpublic CbC reporting requirements …

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