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 req…