The Swiss Federal Council announced on 13 April 2016 that it has initiated a consultation on the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of Country-by-Country (CbC) reports and the federal act required for its implementation. Switzerland was one of 31 countries that signed the CbC MCAA during the signing ceremony on 27 January 2016 ({News-2016-01-28/T/2- previous coverage}).
The announcement states that subject to parliamentary approval and possible refer…