OECD updates tax convention model

The Organisation of Economic
Co-operation & Development
(OECD) council has approved the 2008 update
of the OECD model tax convention, which is left largely unchanged, but proposed
a number of useful clarifying changes.

According to reports the contents of the 2008 update
result primarily from previous reports and includes a number of technical

The update also contains some changes and additions to the observations,
reservations and positions of member and non-member countries.

The OECD model tax convention, incorporating the contents of the update, is
expected to be released at the beginning of September, in time for the OECD
Conference on the 50th Anniversary on the OECD model tax convention.

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