The OECD Committee on Fiscal Affairs has just released the draft contents of the next update to the OECD Model Tax Convention (the 2010 Update) prepared by Working Party 1 of the Committee. The update will be submitted for approval of the Committee in June and the OECD Council in July. As all the substantive contents of the 2010 Update have previously been released for comments through various discussion drafts, this draft is released for information only and not for additional comments.