France moves towards country-by-country reporting for its banks

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From Paris, courtesy of Christian Chavagneux and Mathilde Dupré:

"Last night the Finance Commission of the French Assembly voted to force French banks to publish their turnover and the number of people employed on a country by country basis. MPs couldn't get an agreement to add profits and tax.

The plenary vote will start on Feb 12 and I guess the banks will mobilize. But if it holds I guess it will be a world première for the banking sector.

That is very good news. This link (in French) provides more details.

NB: reposted from Tax Justice Network with permission


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