According to an Austrian Parliament update, the Federal Council (Bundesrat) approved the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) on 5 July 2017. The MLI was signed by Austria on 7 June 2017, and was approved by the National Council (Nationalrat) on 29 June. Austria must now complete the ratification process and deposit its instrument of ratificati…