OECD Releases the Draft Contents of the 2017 Update to the OECD Model Tax Convention
On July 11, 2017, the OECD Committee on Fiscal Affairs released the draft contents of the 2017 update to the OECD Model Tax Convention. The 2017 update primarily comprises changes to the OECD Model Tax Convention that have been approved as part of the BEPS Package, were foreseen as part of the follow-up work on the treaty-related BEPS measures or were previously released for comments. The 2017 update will be submitted for the approval of the Committee on Fiscal Affairs and of the OECD Council later in 2017.