The French National Assembly has approved the addition of Country-by-Country (CbC) reporting requirements to the 2016 budget legislation, which is currently being debated. The CbC reporting requirements are based on the guidelines developed as part of Action 13 of the OECD BEPS Project. Under the requirements, a French multinational company will be required to submit a CbC report if its annual consolidated group turnover is at least EUR 750 million; and
- It is the ultimate parent of its group…