The OECD has announced that on 21 November 2017, the OECD Council approved the 2017 Update to the OECD Model Tax Convention. Changes to the Model Convention as summarized in the OECD announcement are as follows.

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The 2017 Update primarily comprises changes to the OECD Model that were developed through the OECD/G20 BEPS Project. The introduction to the contents of the 2017 Update describ…