On 9 November 2016, the French National Assembly adopted the transparency and anti-corruption bill known as Sapin II. Key measures of the legislation are as follows:
Public CbC Report
The legislation provides for the introduction of a public Country-by-Country (CbC) reporting requirement in line with the proposed EU Directive for public CbC reporting ({News-2016-04-13/P/2- previous coverage}). The requirement is to apply from 1 January 2018 at the latest for MNE groups with annual consolid…