Heather Self considers the changes made to the Model Tax Convention (MTC) and what these updates mean in practice.
The OECD Council has approved the contents of the 2014 update to the Model Tax Convention. A revised version of the Convention will be published in the next few months. This update reflects work carried out between 2010 and the end of 2013 which does not include work underway on the BEPS action plan.
What do you think the most important changes are and why?
It changes the international standard for the exchange of tax information which is very much a key topic of discussion at the moment. It broadens the scope of exchange of information requests that countries can make of each other in a double tax agreement (DTA) context. States can seek information on a group of taxpayers without naming them officially as the long...
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Home >Articles > Q&A: The OECD's Model Tax Convention - what has changed?
Q&A: The OECD's Model Tax Convention - what has changed?
Heather Self considers the changes made to the Model Tax Convention (MTC) and what these updates mean in practice.
The OECD Council has approved the contents of the 2014 update to the Model Tax Convention. A revised version of the Convention will be published in the next few months. This update reflects work carried out between 2010 and the end of 2013 which does not include work underway on the BEPS action plan.
What do you think the most important changes are and why?
It changes the international standard for the exchange of tax information which is very much a key topic of discussion at the moment. It broadens the scope of exchange of information requests that countries can make of each other in a double tax agreement (DTA) context. States can seek information on a group of taxpayers without naming them officially as the long...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
