France to Introduce Upstream Corporate Tax Controls, Echos Says

The French finance ministry plans to test a program this year where the tax authority would audit companies as they prepare their tax returns, Les Echos reported, without citing anyone. *Companies will be expected to share a maximum of financial information as they’re preparing their returns, the newspaper said *In return, companies will receive greater fiscal and judicial security, the newspaper said. *This year’s test will cover a dozen voluntary candidates, and in 2014 will be offered generally to any company that wants to participate, the newspaper said. *Plan is part of a Competitivity Pact announced Nov. 6.

To contact the reporter on this story: Melissa Pozsgay in Paris at mpozsgay@bloomberg.net

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net

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