France’s lower house of Parliament has approved an amendment that would require public reporting of country-by-country (CbC) information. The amendment will need approval by the Senate, with final confirmation by the French National Assembly before being enacted.
This step represents another move forward, along with the EU proposals, to provide CbC information to the public domain.
Multinational companies should prepare today for public CbC reporting in the near future, as the cannon shots have been fired and they will soon land, resulting in a multitude of inquiries and perceptive conclusions. Additionally, organisations should have a seamless process to receive, review and decide on communicative courses of action in response.