France: MPs approve public country-by-country reporting for companies to fight against tax avoidance

"French parliament approves public country-by-country-reporting", 4 Dec 2015 ..."French deputies have just taken a decisive step forwards in the fight against tax cheating. They have in effect adopted a fiscal transparency measure, public country by country reporting, which will oblige French companies to publish information about their activities and the taxes they pay in all the countries where they operate." This is a major victory for transparency campaigners...With International Monetary Fund staff estimating that through a range of techniques, developing countries could be losing around $200bn a year to tax avoidance by multinationals, it would enable revenue authorities and civil society organisations in developing countries to spot potential abuse...The legislation must still be agreed by the Senate...