The Swiss Federal Tax Administration (FTA) has issued a release on the first exchange of large multinationals' Country-by-Country (CbC) reports. The release notes that the FTA will send 109 reports to a total of 35 states by the end of June 2018 based on the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA). This first exchange is for the 2016 reporting fiscal period and is on a voluntary basis at the respective company's request. Voluntary s…