In its review of the transparency and anti-corruption bill known as Sapin II, the French Constitutional Council (Conseil Constitutionnel) has ruled that the public Country-by-Country (CbC) reporting provisions included in the bill are unconstitutional. The provisions ({News-2016-11-14/A/5- previous coverage}) were to apply from 1 January 2018 at the latest for MNE groups with annual consolidated group revenue of EUR 750 million or more.
In reviewing the reporting provisions, the Court found…