Tax alert | Modern Manufacturing Initiative & OECD guidance released

Tax Insights
 
TAX ALERT
The Modern Manufacturing Initiative (MMI)
The Modern Manufacturing Initiative (MMI) is a $1.3bn initiative targeted at all businesses growing Australia’s Manufacturing capacity, building scale and supply chain resilience. 
 
The MMI program is the signature program of the Australian Federal Government’s $1.5bn Modern Manufacturing Strategy, which was announced at the October 2020 Federal Budget.
 
For further information
If you have a potentially eligible client/project, please contact Jessica Olivier (Sydney), Richard Wraith (Melbourne) or Steve Elias (Perth) to discuss in more detail.
 
 
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OECD Guidance Released - Transfer pricing in the age of COVID-19
There are very few aspects of our lives that have not been affected by the COVID-19 pandemic (“the Pandemic”).
 
While the Pandemic is primarily a public health issue, governments’ response to contain the spread of the virus has caused major disruptions to economic activities across the globe.
In particular, the restriction around the movement of people has disrupted economic and financial systems causing significant cash flow constraints.
 
 

 

 

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