2017 update to the Model Tax Convention addresses BEPS | KPMG | GLOBAL
close
Share with your friends

OECD: 2017 update to the “Model Tax Convention” addresses BEPS

2017 update to the Model Tax Convention addresses BEPS

The Organisation for Economic Cooperation and Development (OECD) today released the latest edition of the OECD “Model Tax Convention.”

1000

Related content

As noted in an OECD release, the 2017 update to the Model Tax Convention incorporates significant changes developed through the OECD/G20 project to address base erosion and profit shifting (BEPS).

The 2017 update mainly reflects a consolidation of the treaty-related measures resulting from the work on:

  • BEPS Action 2 (Neutralising the effects of hybrid mismatch arrangements)
  • BEPS Action 6 (Preventing the granting of treaty benefits in inappropriate circumstances) 
  • BEPS Action 7 (Preventing the Artificial avoidance of permanent establishment status) 
  • BEPS Action 14 (Making dispute resolution more effective)

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit