29/06/2016 (Agence Europe) - Please note that in the article “French businesses take up arms against country-by-country tax transparency” in EUROPE 11581, the French Association of Large Companies (Association française des entreprises privées - AFEP) says: “In most cases, this will highlight over-representation of profits and employees for the entities of the group located in the headquarters' country compared with the turnover corresponding to sales in this country only”. “How will national authorities be able to justify to third countries the gap between the turnover in their territory and profit therein affected by companies compared to the same elements in the emerging countries?” AFEP asks.