On 17 October 2018, the Swiss Federal Council announced its decision to extend the exchange of Country-by-Country (CbC) reports to further jurisdictions. Switzerland first notified the OECD on 1 December 2017 that it would exchange CbC reports with 108 countries, which included jurisdictions that have signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) or were members of the BEPS Inclusive Framework. Given that additional jurisdictio…