On 18 October 2017, the Swiss Federal Council announced its decision to bring the Federal Act on the International Automatic Exchange of Country-by-Country Reports of Multinationals (CbC Act) into force on 1 December 2017. The Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) should also enter into force in December. The Swiss CbC reporting requirements apply from the 2018 fiscal year, although voluntary submission is allowed for the 2016 and…