What are some of the differences between the 2016 Model and the 2006 Model? Why were these changes needed?

In 2016, after nearly 10 years without an update, the United States Treasury Department issued a newly revised U.S. Model Income Tax Convention (the "2016 Model"), which is the baseline text the Treasury Department uses when it negotiates tax treaties. 

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Solution The 2016 Model includes several significant changes from the 2006 Model which was the previous version of the US Model Income Tax Convention ... View the full answer