France plans to force large companies to declare details of their foreign activities as a way of reducing tax avoidance, a finance ministry official said, reports Reuters.
The move is France's follow-up to a European Union summit last month where EU leaders said they would close loopholes to stop companies such as Google, Apple and Amazon aggressively avoiding taxes.
France will extend draft rules, initially planned only for banks, to other large companies, the finance ministry official said on Sunday.
"Our aim is to extend to large companies the requirement to disclose activities abroad country-by-country," the official told Reuters, adding that the measure would enter into force at a date decided at EU level.
Read more of this report from Reuters.